Question

Neha's father deposited Rs. 10,000 on her 1st birthday at the rate of 8 p.c.p.a. in bank.
What Amount will be her father receive on her 6th Birthday

1) 14,000
2)14,800
3)15,000
4)15,800​

Answer 1

Step-by-step explanation:

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Answer 2

Yo,

Rate Of Interest (R)= 8 percent per annum(year)

Principle Amount(P)=10000

Time(In Year As Percent Per Annum)= 6th Bithday -1st Birthday

As Interest For Next Year 1st didnt taken

Now,

Amount (A)=Principle Amount(P)+Simple Interest(S.I.)

=10000+[(10000×8×5)/10]

=14000

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