Question

Mohit deposited ₹ 5600 in his account. The bank pays an interest of 9% per
annum. What amount will Mohit get back after 8 months

Answer 1

Answer:

₹5936

Step-by-step explanation:

If 9% per 12 months. Then for 8 months= 9/12 × 8 = 6%

Next, 6% of ₹5600 = 6/100 × 5600 = 6×56 = ₹336

Then, Amount = Principal + Interest = ₹5600+₹336 = ₹5936

Therefore, ₹5936 is the answer.