Question

Suhana's father is a farmer. He deposits Rs.1200 of the remaining amount in the bank at 9% p.a. for 3 yrs

Calculate the amount the farmer will receive at the end of 3 yrs

Answer 1

Given :principle =Rs. 1200

rate of interest =9%

time =3yrs

we know that simple interest =PTR /100

=1200*9*3/100

=Rs. 324

Amount of the farmer will receive at the end of the 3 yrs =principle + interest

=1200+324=1524/-