A boy deposited Rs. 300 in the saving bank which pays an interest of 5%. how much interest will he get in one year ?,

Explanation

Simple Interest = Principal × Rate × Time

$$= 300 times tfrac{5}{100} times 1 = mathbf{15}.$$

Related MCQs

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment *

Name *

Email *

-- Select Reason -- Correction Suggestion

1 + 2 = ?

Post Comment