3. Shyama deposited 75,000 in a bank. Calculate the amount she would receive fr 4 years at 6- % annual rate of interest?
4. On what principal will the simple interest of 1005 in 8 years 4 months at 7.5%
5. At what rate percent per annum will * 890 yield an interest of 89 in 2 years?
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Answer:
Sum =Rs.7500
Time = 6 months =
2
1
year
Rate =8%
Compounded quarterly
A=Sum(1+
100
R/4
)
4T
=7500(1+
400
8
)
4×
2
1
=7500(1+
50
1
)
2
=7500×
50
51
×
50
51
=3×51×51=Rs.7803 (Answer)
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