Question

A woman invested #600,000 in a bank at the rate of 10% for 2.5 years. a. Find the Interest. b. Calculate the amount at the given period?

Answer 1

Here,

Principal = 600000

Rate = 10%

Time = 2.5 years

Simple Interest = ?

Amount = ?

Now,

Simple Interest = (P*T*R)/100

= (600000*2.5*10)/100

= 150000

Amount = Principal + Interest

= 600000 + 150000

= 750000

I hope you understand...

It is a Right answer...

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