1.

Priyanka deposited ₹6500 in a bank which pays 9% per annum interest. She withdrew ₹1250 after the end of the first year. What amount she will get after 3 Years?

Answer»

Answer:

Step-by-step explanation:

P=6500,r=9%PER annum

Amount of 1 year = rs (6500×9×1)/100

=rs(65-9)=585

Amount after 1 year = rs (6500+585)=rs 7085

Priyanka withdrew rs 1250 after 1 year

Balance amount = rs (7085-1250)

=rs 5835

Now,

INTEREST for next two years balance amount

= rs (585×9×2)/100=rs 1050.30

Hence,The amount after 3 years

Rs (5835+1050.30)= rs 6885.30.

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