Question

Simple Interest b) Mr. Shah deposited a sum of Rs 15,000 in a bank at the rate of 10% per year. Find the amount received by him at the end of 3 years 6 months.​

Answer 1

the interest would be $5,250.00 and the total would be 20,250.00

Explanation:

Interest = principle x rate x time

i = (15,000)(.1)(3.5)

i = $5250.00