Question

A man deposited 1000 per month for 12 months and received 15000 as the maturity value. The interest received by him is:​

Answer 1

Given :

A man deposited 500 rupees per month for 6 month and received 3300 as maturity value.

To find  :

Interest earned

$\underline{\sf \large{Solution-}}$

Man deposited every month = ₹ 500

= Man deposited in 6 months

$\rm:\implies{6 \times 500}$

$\rm:\implies{\₹ 3000}$

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \boxed{\tt{Maturity~ Value = 3300}}$

We know:-

Maturity value = Amount deposited + Interest earned

$\sf\dashrightarrow{3300 = 3000 +  Interest ~earned}$

$\sf\dashrightarrow \: \: \: {Interest ~earned = 300}$

• Hence interest earned is Rs 300

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Answer 2

Step-by-step explanation:

$\color{darkcyan} \underline{ \begin{array}{ || |l| || } \hline \color{magenta} \\ \hline \boxed{ \text{ \tt \: Solution:-} } \end{array}}$

$\color{red} \text{First the man deposited 1000 for 12 months.}$

$\color{blue} \text{so what we will do is 1000 x 12 = 12000}$

$\color{darkorange} \text{ So it says he has received 15000.}$

$\color{violet} \text{So now we will subtract 15000 and 12000 = 300}$

$\color{magenta} \text{So there for the interest is 300.}$

$\color{purple} \text{Hence, the interest 300.}$