Question

what is the amount of money mr. Rao will get if he deposit Rs 3500 in a bank for 2 years and get an interest of 675?​

Answer 1

Amount = Principal + Interest

Amount= 3500 + 675

Amount = 4175 Rs

Hope it helps you

Answer 2

Final Answer:

The amount of money Mr. Rao will get by depositing Rs 3500 in a bank for 2 years and getting an interest of 675 is Rs 4175.

Given:

Mr. Rao deposited Rs 3500 in a bank for 2 years and received interest of 675.

To Find:

The amount of money that Mr. Rao will get on depositing Rs 3500 in a bank for 2 years and receiving an interest of 675.

Explanation:

The following points are sufficient for arriving at the solution here.

• The term that refers to the amount of money deposited is called the Principal.
• The interest is earned on the Principal at the said rate of interest (simple or compound) for the stipulated period of time.
• At the end of the tenure, the total amount of money received by the depositor is termed as Amount.

Step 1 of 2

Referring to the given problem, write the following.

• The Principal is $=Rs\; 3500$.
• The total Interest is $=Rs. \;675$

Step 2 of 2

Using the above values, the Amount received after 2 years is.

$=3500+675\\=Rs\:4175$

Therefore, Mr. Roy will get the required amount of money worth Rs 4175 after the said period of time.

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