Question

vineet depoisted ₹8500 in a finance company which pays 18% intrest per year. Find the amount he will receive after 3years

Answer 1

given:P=Rs 8500
R=18%
T=3yrs
interest (I) =P×R×T/100
=8500×18×3
=4590
now,
amount (A) =P+I
=8500+4590
=Rs13,090 ans.

Answer 2

Solution=
Principal× Rate of Interest×Time Period ÷ 100
$\frac{p \times r \times t}{100}$
$\frac{8500 \times 18 \times 3}{100}$
$85 \times 18 \times 3$
$85 \times 54$
$13770$

Answer is 13770