Amit deposited Rs 3000 in a saving account at the interest in a
saving account at the interest rate of 5% per year. How much
simple interest will he earn in 6 years?
Share
Amit deposited Rs 3000 in a saving account at the interest in a
saving account at the interest rate of 5% per year. How much
simple interest will he earn in 6 years?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Pincipal :- 3000 = R
Rate =5% = P
Time = 6= T
So, SI= R×P×T
---------
100
= 3000×5×6
------------------
100
= 30×5×6
-------------
1
= 150×6
= 900
Step-by-step explanation:
simple interest=Principal*Rate*Time
100
= 3000*5*6
100
=900
so interest is 900 rupees