Question

Usha deposited Rs 1,200 in a finance company that pays 5 % interest per year. Find the amount she is expected to get after 4 years.

Answer 1

$\large{\underline{\red{\bf{Answer:-}}}}$

$\purple{ \underline{ \boxed{ \odot\mid{ \bf{Interest = P × R × T}}}}}$

I = $\frac{1200 \times 5 \times 4}{100} = 240rs$

Therefore, She will get ₹240.

Answer 2

Rs 1,440

Step-by-step explanation:

Principle- 1,200

Rate- 5

Time- 4

S. I. -PxRxT/100

1,200x5x4/100

12x5x4

S. I. - Rs 240

Amount= Rs (1,200 + 240)

Rs 1,440