Question

Jasmine a retired teacher runs her house by the interest earned on the money deposited by her in a bank. If she deposited rupees 4,00,000 at 12% p,a find her monthly interest earned

Answer 1

Answer:

Step-by-step explanation:

While balancing your checkbook or calculating your monthly expenditures on espresso ... Interest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% ... You deposit $500 in an account earning 5% interest compounded annually.

Answer 2

Answer:

P = Rs 400000

R = 12p.c.p.a

N = R

12

I = P×R÷2÷100

= 400000×12.5÷12÷100

= Rs 4166.6

Therefore monthly intrest is Rs 4166.6

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