Question

Sodan deposited of rs 6600 in a bank at 10% p. a. for 9 months.Find the amount received by him if the interest is calculated half yearly

Answer 1

amnt deposited by sodan = rs 6600

interest accumulated half yearly = p*r*t/100

p=6600

r=10%p.a

t=6 months

simple interest= 6600*10*0.5/100= 33000/100= rs 330

amnt received by sodan = 330+6600 = rsrs 6930

Answer 2

Concept

Interest is the amount of money that is paid to borrow some money from borrower. It can be simple interest or compound interest.

Given

Principal=Rs.6600

rate=105 p.a.

time=9 months

To find

Amount Sodan will get after 9 months?

Explanation

The interest will calculated as under:

=6600*10%*6/12=330

Amount after 6  months=6600+330= Rs.6930

interest=6930+10%*3/12=Rs.173.25

Amount will be=6930+173.25

=Rs. 7103.25

Hence the amount he will get is 7103.25.

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