Aman deposited rupees 9000 in a bank on 20th March 2005 and closes his account on 21st August 2005 if the Bank allows as the interest of 10% per annum
what amount does he get
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Answer:
900 is but iam not sure so
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Answer:
₹24300 by simple interest if compund interest is there so ₹45489.6
Step-by-step explanation:
Simple interest=10%*9000=900 for 17 years (currently 2022)
900*17=₹15300+₹9000=₹24300
For compunding years=p(1+r/100) raised to power t.
9000(10+1/10)¹⁷
9000(11/10)¹⁷
9000*5.0544=45489.6
so in 17 years the compound interest is ₹45489.6
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