Question

Vijay deposited 2350 rs in a savings account that pays 4.5 percent interest. If Vijay keeps the money in the account for 30 months, how much interest will be he earn? ​

Answer 1

Answer:

Vijay deposited 2350 Rs. Principle = 2350 Rs.

Rate = 4.5%

Time = 30 months = 2.5 years.

We know that :

Interest (I) = P × r × t ÷ 100

I = 2350×4.5×2.5÷100

I = 26437.5÷100

I = 264.375 Rs.

Thus, Interest - 264.375 Rs.

HOPE THIS HELPS :D