Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
428 views
in Simple Interest by (29.6k points)
closed by

Mahesh deposited Rs 8650 in a bank at a rate of 6 p.c.p.a. How much money will he get at the end of the year in all?

1 Answer

+1 vote
by (34.5k points)
selected by
 
Best answer

Principal Amount = Rs 8650 

Rate of interest = 6 p.c.p.a. 

Let interest on principal Rs 8650 be Rs x 

By taking ratio of the interest to the principal for both, we obtain an equation

∴ Amount received at the end of the year = Principal amount + Interest

= Rs 8650 + Rs 519 

= Rs 9169 

∴ Mahesh will get Rs 9169 at the end of the year.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...