Question

4. An amount of Rs. 50,000 is deposited into a savings bank account that pays at the rate of 6% p.a. What amount will be there in the account, if the interest is compounded (a) annually, (b) quarterly, and (c) monthly?​

Answer 1

Answer:

Calculated Monthly EMI for 50000 of loan

amount for 3 years at various rate of Interest :

Loan Rate of Interest. Per Month EMI

50000 14.00%. Rs. 1,709

50000 15.00% Rs. 1,733

50000 16.00% Rs. 1,758

50000 18.00% Rs. 1,808

The formula for calculating simple interest is:

(P x r x t) ÷ 100.

(P x r x t) ÷ (100 x 12)

FV = P x (1 + (r x t))

Answer 2

Step-by-step explanation:

Amswer may be not matched because time is not given here..