Sudarshan deposit 32000 in a bank where the interest is credited quarterly if the rate of interest be 5% per annum what amount will be receive after 6 month
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Interest =ptr/100
Interest for each quarter=32000*5/100*4/12
=533.33
Interest after 6months =533.33*2=1066.66
Amount received after 6months =33066.66
Interest for each quarter=32000*5/100*4/12
=533.33
Interest after 6months =533.33*2=1066.66
Amount received after 6months =33066.66
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Answer:
Step 1 of 2
Given Principal amount is Rs 32000
Time =6 month or 2 quarters
Rate of interest =5% p.a. or
% quarterly
Apply formula
Step 2 of 2
Simplify
Step-by-step explanation:
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