Jatin deposits Rs.75,000 in the bank at the rate of 9 p.c.p.a for 4 years. What is the interest he will receive at the end of the period?
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Answer:
simple interest - principal× rate ×time/100
75000 ×9× 4/100 = 2700
Answer:
Rs. 27000
Step-by-step explanation:
interest : ?
no. of year : 4
p.c.p.a : 9
principal : 75000
interest = P X R X N / 100
= 75000 X 9 X 4 / 100
= 2700000/100
= 27000
Jatin interest of Rs. 75000 after 4 year was Rs. 27000