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Please provide solution to this question

Asked by Topperlearning User 22nd June 2016, 3:55 PM
Answered by Expert

T o t a l space P r i n c i p a l comma space P equals R s. space 2 comma 04 comma 700
R a t e comma space R equals 5 percent sign comma space T i m e comma space T equals 1 space m o n t h equals 1 over 12 space y e a r
therefore space I n t e r e s t equals fraction numerator P cross times R cross times T over denominator 100 end fraction equals fraction numerator 204700 cross times 5 cross times 1 over denominator 100 cross times 12 end fraction equals 852.91 almost equal to R s. space 853

Answered by Expert 22nd June 2016, 5:55 PM
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