Usha deposited ₹1200 in a finance company which pays 3(1)/(2) % interest per year. Find the amount she is expected to get after 4 years.

Question

Usha deposited ₹1200 in a finance company which pays 3
`(1)/(2)` % interest per year.

Find the amount she is expected to get after 4 years.

Answer 1

4968

Explanation:

using simple interest method

A=P(1+i)n