Question

Ashish deposit rupees 250 for 1 and half year in accumulative time deposit scheme if the rate of interest be 8% per annum find the amount received at the time of maturity

Answer 1

Answer:

anish deposited-250 rupees

for 8% p.a (per annum)

period-1 and a half years

Step-by-step explanation:

8% of 250=

8/100x250

=20

the amount he will receive for one year will be 20 rupees

half year equals to 6 months

so we will divide 20 by 2 because when we multiply 6 months by 2 we get 12 months.

=20/2

=10

therefore at the time of maturity he will get 20+10=30 rupees.

Answer 2

Answer:

Step-by-step explanation:

Compound amounts= 281

Simple interest=280