Tina deposited Rs 2000 in bank on 17th December 1989 and withdrew on 17th April 1990 find the interest earned by her at simple interest of 3% P.A
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5
Answer:
Step 1
It is given that,
Principal, P = Rs. 2000
Rate, R = 3%
Time, T = 17th December 1989 to 17th April 1990
= 4 months
=
4
12
years
=
1
3
years
Step 2
Simple interest, S.I = (
P × R × T
100
)
=
2000 × 3 ×
1
3
100
= 20
Step 3
Therefore, the interest earned by Tina is Rs. 20.
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