Question

Your income is Rs 10,000 per month .If in december you get 10% interest in your bank account and in january you get 12% , what will be the total amount you have at the end of january if you spend nothing

Answer 1

Answer:

So he will have a total of Rs 23,520 at the end of January

Step-by-step explanation:

Given:

Income per month = Rs 10,000

Interest in December = 10%

Interest in January = 12 %

TO find:

Total amount at the end of January = ?

Solution:

Given is in December Income is = Rs 10,000

Interest I got = 10 % of income in december

Interest = 10 % of 10,000

             = (10 * 10000)/100

              = Rs 1000

Total money at the end of December = 10,000 + 1000

                                                              =Rs 11,000

Now In January I earned = Rs 10,000

Total Amount in the bank = 11,000 + 10,000

                                          = Rs 21,000  

Interest rate = 12 %

Interest = 12 % of total in the bank

             = 12 % * 21000

             = (12 * 21000)/100

            =Rs 2520

Total money at the end of January = 21,000 + 2520

                                                           = Rs 23,520

So he will have a total of Rs 23,520 at the end of January