Question

Ram deposit rupees 20000 in a bank where the interest is credited credited half yearly if the rate of interest paid by the bank is 6% p a what amount will get after 1 year

Answer 1

Answer:

$\huge{\mathfrak{\underline{\underline{\pink{Answer:-}}}}}$

$\color{red}{Given\:that:-}$

• Ram deposited 20000 in a bank .

• Interest is credited half yearly.

• The rate of interest paid by the bank is 6% p a. (per annum).

$\color{red}{To\:find:-}$

• Amount which will get after 1 year.

Solution :-

Principle :- Rs. 20000

Rate :- 6%

Time :- 1 year.

Amount :-

P ( 1+ R /100)^2

→ 20000 ( 1+6/100)^2

→ 20000 ( 106/100)^2

→20000 (53/50)^2

→20000 * 2809/2500

Rs :- 22,472

Simple Interest :-

S.I = P*R*2+1100

→20000*6*2/100

Rs :- 2400

Amount :-

→ 20000

→ + 2400

_______________

= 22400

Answer 2

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