Question

Zahid had invested in a bank scheme , which offers him the rate of interest 8.6 percent per annum of 7.8 years how much interest will he get if he invested for rs 20,000​

Answer 1

Answer:

Rs 13416

Step-by-step explanation

Interest = P x R x T / 100

P = Principal amount (Initial amount of money)

R = Interest rate

T = Time

I = 20000 x 8.6 x 7.8 / 100 = Rs 13416