ICSE Class 10 Answered

Please provide solution to this question

Asked by Topperlearning User | 22 Jun, 2016, 03:55: PM

Expert Answer

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