Question

uses of simple and compound interest in postoffice


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Answer 1

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Answer 2

Hello,

Question:- uses of simple and compound interest in postoffice.

Topic:- Simple and Compound interest.

Where?:- In post office.

Answer:- The uses of simple and Compound interest in postoffice are:-

Scheme Interest Rate Minimum Investment

Scheme Interest Rate Minimum InvestmentPost Office Time Deposit Account (TD) First year – 6.9% p.a. Second year – 6.9% p.a. Third Year – 6.9% p.a. Fourth Year – 7.7% p.a. Rs 200

Scheme Interest Rate Minimum InvestmentPost Office Time Deposit Account (TD) First year – 6.9% p.a. Second year – 6.9% p.a. Third Year – 6.9% p.a. Fourth Year – 7.7% p.a. Rs 200Post Office Monthly Income Scheme Account (MIS) 7.6% per annum payable monthly Rs 1,500

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