A man deposits 125,000 in a bank and withdraws it after 2 years and 6 months. If the bank pays simple interest to the depositors at the rate of 8% p.a., calculate:
(i) the interest earned by the man
(ii) the total amount of money that the man will receive from the bank.
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Answered by
1
answer: I think answer is 50,000
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0
Answer:
Interest earned = 125000×18×19×8
2400
- Interest = ₹ 142500
- Total amount = Pn+I
12500×18+142500
= ₹ 367500
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