In a particular investment scheme, the com-
pound rate of interest is 25% per annum, but
ifperson withdraws the a past invested amount,
the interest is calculated for the remaining
period on the remaining amount. If the person
deposits Rs.P in the scheme and withdraws
36% of the amount at the end of every two
years, then what will be the principal at the
beginning of 23rd year?
Answers
Answer:
In a particular investment scheme, the com-
pound rate of interest is 25% per annum, but
ifperson withdraws the a past invested amount,
the interest is calculated for the remaining
period on the remaining amount. If the person
deposits Rs.P in the scheme and withdraws
36% of the amount at the end of every two
years, then what will be the principal at the
beginning of 23rd year?
Step-by-step explanation:
In a particular investment scheme, the com-
pound rate of interest is 25% per annum, but
ifperson withdraws the a past invested amount,
the interest is calculated for the remaining
period on the remaining amount. If the person
deposits Rs.P in the scheme and withdraws
36% of the amount at the end of every two
years, then what will be the principal at the
beginning of 23rd year?