sudhir deposited Rs 32000 in a bank, where the interest is credited quarterly .If the rate
of interest 0.5% p.a. What amount will he receive after 6 months ?
please tell fast i have an exam tomorrow
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Answer:
principal = 32000
rate of intrest= 0.5% p.a
time = 6/12 years ( was in months to convert in yes divide by 12)
(S . I . = P× R ×T /100)
32000×0.5× 1/2/100
= 80
amount = principal + S .I.
32000+80
32080
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