Question

Kanta deposited ₹40,000 for one year in a fixed deposit, with a bank. If bank pays 8% per annum. And the interest is calculated half yearly, what amount she get after one year ?
(Answer :- ₹43,264)



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Answer 1

$\huge \sf{ \underline{ \underline{ \color{maroon}{ Question:-}}}}$

Kanta deposited ₹40,000 for one year in a fixed deposit, with a bank. If bank pays 8% per annum. And the interest is calculated half yearly, what amount she get after one year ?

Hint:-Answer:-( ₹43,264)

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• Principal =₹ 40,000
• Rate = 8 % per annum , 4% half yearly
• Time = 1 year = 2 half -years

$\huge{ \sf{ \underline{ \underline{ \color{goldenrod}{Solution:-}}}}}$

$\huge{ \boxed{ \bf \: A= P(1+R) ^{2} }}$

$\bf \: A= 40000(1+ \frac{4}{400} ) ^{2}$

$= 40000( \frac{400 + 4}{400} ) ^{2}$

$= 40000 \times \frac{36}{25} \times \frac{36}{25}$

$\large{ \color{aqua} \bf{Rs.82944}}$

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Here:-

• I =simple interest
• P= principal
• R= interest rate per year
• T = Time in years
• A = Amount.

Answer 2

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