Question

vineet deposited RS 1800 in a bank at the rate of 4% per annum. find the simple interest after 5 year.​

Answer 1

Answer:

For first two years,

P=15,600

T=2

R=10%

∴S.I=

100

PTR

​

=

100

15600×2×10

​

                                =Rs3120.

For next two years,

P=(15600+3120)

   =18720

T=2

R=10

⇒S.I=

100

18720×2×10

​

             =Rs 3744.

SinceRs 3744 is earned in 3

rd

 and 4

th

 year combined, interest only in 4

th

 year =

2

3744

​

=Rs.1872

Answer 2

Simple interest = p * r * t / 100

= 1800 * 4 * 5 / 100

= 36000 / 100

= Rs 360

Therefore,

simple interest after 5 years is Rs360