A man deposits RS 50,000 in a bank at a monthly rate of 1.5% . If he withdraws the interest he receives monthly, how much interest does he get in total during a period of 6months?
Answers
Answered by
1
interest is also called simple interest or si
so
si=p×r×t÷100
si=50000×1.5×0.5÷100. {6 months is equal to half year}
si=50000×15×5÷10000
si=50000×75÷10000
si=3750000÷10000
si=375
interest =si=375
so
si=p×r×t÷100
si=50000×1.5×0.5÷100. {6 months is equal to half year}
si=50000×15×5÷10000
si=50000×75÷10000
si=3750000÷10000
si=375
interest =si=375
rifiiii:
thank you
Answered by
1
1.5% of 50,000 is 750
so
750×6=4500
so
750×6=4500
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