Question

rahul deposited rs 10,000. at the rate of 4%per annum in bank on 11th january. on 18th august in the same year he withdraw the entire amount lying in his account. find the amount bank gave to rahul?

Answer 1

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$\underline\bold{\huge{ANSWER \: :}}$  

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GIVEN INFORMATIONS :-

(1) P = Rs. 10,000

(2) r = 4%

(3) t = 11th January to 18th August (219 days) 

However, 219 days = 219/360 years

S. I. = Prt/100 

=> S. I. = Rs. (10000×4×219)/(100×365)

=> S. I. = Rs. 240

Now, Amount (A) = S. I. + P

=> A = Rs. (240+10,000)

=> A = Rs. 10,240

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THUS THE AMOUNT BANK GAVE TO RAHUL IS Rs. 10240. $\bold{[ANSWER]}$

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Answer 2

Answer:

The amount bank gave to Rahul is Rs.$10240$

Step-by-step explanation:

It is given that Rahul deposited Rs. $10,000$

The rate of interest is $4$% pa

He deposited on $11$ January.

He withdrew on $18$ August.

Time period is the duration between two given dates.

The duration is $219$ days.

Converting it in to year.

$=219/365$year

We will use simple interest here.

$SI=\frac{10,000*4*219}{100*365}$

$SI=240$

The amount is obtained by adding principal and SI

$A=10,000+240=10240$

Hence, the amount he withdrew is Rs. $10,240$

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