Question

shiva deposited Rs. 4260 in the bank on 1st May 1964. what will be his balance in the bank 30th September 1964, if the bank pays an interest at the rate of 1 paisa per rupee per month​

Answer 1

Answer:

4266.06

Step-by-step explanation:

1 may to 1 September 5rupees

for each rupee per month 1 paise

then 5+0.05 = 5.05

then according to the question

more 30 day or 1 month 1.01

total 4260+5.05+1.01=4266.06