Question

Father deposit rupees 3500 in a bank at the rate of 7.5% years find the amount received by him at the end 4years​

Answer 1

The amount to be received is Rs. 4550

Explanation:

Mathematically, amount is principal Plus interest

We can calculate the interest using the simple interest formula

Mathematically;

I = PRT/100

I = (3500 * 7.5 * 4)/100

I = 1050

So the amount will be ;

1050 + 3500 = 4,550 Ruppee