Question

Mohan deposited Rs.100 in the bank. Recurring deposit account opened for 5 years @ per month. If the rate of interest is 5% per annum, what amount will he get after five years? answer quickly​

Answer 1

Answer:

125

Step-by-step explanation:

SI = P×R×T/100

SI = 100×5×5/100

SI = 5×5

SI = 25

AMOUNT = 100+25=125

Answer 2

Answer: Given: Simple interest(S.I) = 50 Rs

                          Rate of interest=5 %

                           Time =2 years

                            Let the sum=P Rs

Simple interest formula is given by

S.I.=P×T×R100

S.I.=P×T×R100

Substitute the value in the above equation

50=P×2×5100

50=P×2×5100

P=50×1002×5

P=50×1002×5

P = 500 Rs

Amount=[500×(1+5100)2]

Amount=[500×(1+5100)2]

 

Amount=500××105100×105100

Amount=500××105100×105100

Amount =  551.25 Rs

C.I.= (551.25−500) =  51.25 Rs

Step-by-step explanation:

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