Question

6. A man deposits Rs. 870 in a post Office Savi
Bank account which allowed a 5 paisa interest
one rupee for a year. If there are no withdraw:
during the year, find the man's credit balance att
end of the year.​

Answer 1

Answer:

5 paisa interest on one rupee..

5 rs interest on 100 rs

5% per annum interest...

Total interest = 5%of 870

= 43.50

Then total credit balance = deposit amount + interest

= 870 + 43.50

= 913.50

Answer 2

Answer:

913.5

Step-by-step explanation:

5paise/1 rupee = 5%

So, 5% of 870 + 870 = The account balance in one year

5%×870 = 43.5

So, 870+43.5 = 913.5

Hope it helps