Aakash deposited 25000 rupees in a bank at a rate of 8 p.c.p.a for 3 years. How much interest does he get every year? How much altogether ____?

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Detailed Solution

We all know this equation:
Question Image

.
⇒ S.I.= 6000 rs
The total amount on the principal amount :
=25000+6000
=31000 rs
Hence, with the help of the formula as mentioned in the solution hint we have obtained the simple interest 6000rs and total amount 31000 rs.

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