A man deposited ₹500 per month for 6 month and received ₹3300 as the maturity value.The interest received by him
Answers
Answer:
The answer to your question is ₹300
Step-by-step explanation:
STEP:1
First the man deposited ₹500 for 6 months
so what we will do is 500*6 = 3000
STEP:2
So it says he has received 3300
so now we will subtract 3300 and 3000
=₹300
so there for the interest is ₹300
Given : a man deposited 500 rupees per month for 6 month and received 3300 as maturity value.
To find : interest earned
Solution:
Man deposited every month = Rs 500
=> Man deposited in 6 months = 6 x 500 = Rs 3000
Maturity Value = 3300
Maturity value = Amount deposited + Interest earned
=> 3300 = 3000 + Interest earned
=> Interest earned = 300
Hence interest earned is Rs 300
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