Question

how to calculate savings deposit..plss help​

Answer 1

Step-by-step explanation:

the formula to calculate savings deposit is:-

1) intrest on savings account = daily balance*rate of intrest* (no. of days=365)

2) intrest = principal *rate of intrest

3) intrest: 100,000*8%=8000

4) total maturity value= 100,000+8000 = rs. 1,08,000

5) intrest(6months): 100,000*5.5%=5500

6) Pre-maturity value(6 months) = Rs.1,05,500