Question

class 11 project work on banking​

Answer 1

Answer:

Hello guys !! I m back !! Again with another project (sorry for late) here I have attached a project on Survey of various types of bank accounts and rates of interest offered.

In the project, The rate which you will get is the original rates of the banks according to the current date Friday/December/10,2021.

Here guys after page six also note the sums the Image I cannot attach so I m writing here you note it down on page 7. Okay !? Great lets start....

Solution: Principal (P)= Rs.600 , No. of Months (n) = 20, Interest Rate (r) = 10% p.a.

•°• Intrest= P×n(n+1)/2×12 × r/100

$= > 600 \times 20(20 + 1) \div 2 \times 12 \times 10 \div 100$

$= > 600 \times 420 \div 24 \times 10 \div 100 \\ => rs.1050$

$the \: amount \: at \: the \: time \: of \: maturity$

$=> rs.(600 \times 20) + rs.1050$

$=> rs.12000 + 1050 \\ =>rs.13050(answer)$

I Hope that the project will win your heart ❤️. If its really helpful then don't forget to put a like below in the like section. Happy Studying !!