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Question
Neha deposited Rs. 30000 in a bank at a rate of 12% p.a for 3 years. How much interest does she get every year?
Neha deposited Rs. 30000 in a bank at a rate of 12% p.a for 3 years. How much interest does she get every year?
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Solution
The correct option is C Rs. 3600
Given ,
Principle = Rs 30000
Rate = 12 % p.a.
Time = 1 year
SI = ( P * R * T ) / 100
= (30000*12*1) / 100
= 360000 / 100
= Rs. 3600
Rs. 3600
Given ,
Principle = Rs 30000
Rate = 12 % p.a.
Time = 1 year
SI = ( P * R * T ) / 100
= (30000*12*1) / 100
= 360000 / 100
= Rs. 3600
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