vinod deposite rupees 8500 in a finance company which pays 18% interest per year .Find the amount he will receive after 3 years
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as the formula of simple interest is p×r×t/100, principal is ₹8500 and rate% is 18% and period is 3 yrs .
Hence, 8500×18×3
-----------------
100
Hence the answer is 85×18×3 that is 4590
Hope helped !
Hence, 8500×18×3
-----------------
100
Hence the answer is 85×18×3 that is 4590
Hope helped !
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