Question

vineeta deposite rs 8500 in a finance company which pay 18% interest per year. the amount he will receive after 3 year is​

Answer 1

first

18/100 *8500

₹ 1530 it is the simple interest of one year

so we multiply the simple interest * 3

so we get ₹ 4690

And we have to take out the amount

so we add the actual cost + simple interest

ie 8500+ 4950

₹ 13450 is amount