Question

what should be invested for 4 years at 9%
​

Answer 1

Answer:

Simple interest(i)=

100

PNR

108=P4∗

100

9

P=

36

108

∗100

ans is Rs. 300 should invested

Answer 2

Answer:

For example, a savings account may pay interest monthly, but compound it daily. Each day, the bank will calculate your interest earnings based on the account balance, plus the interest that you've earned that it has not paid out. ... You wait one year and withdraw your money from both accounts.