We pay back arter six months?
d) Surender deposited * 2,500 in a bank at 12% interest per annum. He
withdraws his money after 5/2 years. Out of this amount, he buys an almira for 3,000 . how much money is left with him.
,
for 3,000. How much money is left with him.
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Answer:
Interest on 2000 at 6% at the end of 3 years
a) 2000x 3 × 6÷100 =360.
Withdrawal.
Interest on 700 for 2 years at 6%
b) 700 × 2 × 6% = 84
Balance at the end of 3 years,
2000 + 360 - (700 + 84) = 1576.
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