Sudershan deposited Rs. 32000 in a bank where the interest is credited quarterly. If the rate of interest be 5% per annum, what amount will he receive after 6 months?
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Answered by
33
32,000/5=6400
6400=5% for 1 year
for five year = 6400*5=30,900
30,900+32,000=62,900
So he will get Rs 62,900 after 5year
6400=5% for 1 year
for five year = 6400*5=30,900
30,900+32,000=62,900
So he will get Rs 62,900 after 5year
Answered by
40
p=32000
R=5%=5/2%for half-years
T=1yr
interest=32000×1×5/2÷100
=800
amount=32000+800=32800
R=5%=5/2%for half-years
T=1yr
interest=32000×1×5/2÷100
=800
amount=32000+800=32800
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