Question

Ram deposited Rs. 40,000 in Bank in fixed deposit account for 1 year at the rate of interest as 10% per annum. If the interest is calculated for six month, then how much amount will Ram recieve after maturity ? ​

Answer 1

ANSWER:

Rs .44100

explantion

Use

C.I =P(1+TR/100)^n

WHILE,

P=40,000;

T=six months=1/2

R=10

n=2