MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

SI

Mrs Gupta dep...

Question

Mrs Gupta deposited $R s 10, 000$ in a bank for $5$ years at the rate of $1.5 %$ per month. How much money did she get at the end of that period?

Open in App

Solution

We have
$P = R s 10, 000$
$T i m e = 5 y e a r s$
$R a t e = 1.5 % p m i . e . 18 % p a$
$\begin{matrix} N o w, S . I = \frac{P \times R \times T}{100} = \frac{10000 \times 18 \times 5}{100} = R s 9000 H e n c e, T o t a l a m o u n t s h e d i d g e t a t t h e e n d o f t i m e = 10000 + 9000 = R s . 19000. \end{matrix}$

Suggest Corrections

thumbs-up

0

Similar questions

Q. Mahesh deposited ₹ 8650 in a bank at the rate of 6 % per annum. How much money will he get at the end of the year?

Q. You have deposited ₹ 1000.00 in the bank at a rate of interest of 7% per annum. How much money will you get after 5 years?

Q. Rajini deposited Rs 13,000 in a bank at the rate of 9 p.c.p.a. She collected Rs 1170 as interest at the end of the period. For how many years had she deposited the money?

Q. Mr Gupta opened a recurring deposit account in a bank. He deposited Rs 2500 per month for month for two years. At the time of maturity, he got Rs 67,500.
Find :(i) The total interest earned by Mr Gupta.
(ii) The rate of interest per annum
[4 MARKS]

Q. Mahesh deposited

R s 8650

in a bank at a rate of

6 p . c . p . a

. How much money will get at the end of the year in all?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple and Compound Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon