Question

Arun deposited 5000 rupees in a bank which compounds Interest half yearly and Mohan deposited the same amount in another bank which compounds interest quaterly.The annual tate of interest is 6% at both the banks. How much more would Mohan get after one year.​

Answer 1

Answer:

get after 1 year?

Answer

The formula for compound interest, including principal sum, is:

A=P(1+

n

r

)

nt

Where:

A= the future value of the investment/loan, including interest

P= the principal investment amount (the initial deposit or loan amount)

r= the annual interest rate (decimal)

n= the number of times that interest is compounded per unit t

t= the time the money is invested or borrowed for

In our given problem,

P= Rs. 20000, r=6%=0.06, n=2, t=1 year

∴, the amount received after the term of 1 year will be given by,

A=20000(1+

2

0.06

)

2×1

⇒A=20000(1+0.03)

2

⇒A=20000(1.03)

2

⇒A=Rs.21218

∴, the amount Sheetal will get after 1 year is Rs.21,218

Answer 2

Answer:

Ja ja ke Ga..d mara B....dk Ch..iya sala