Say deposited rupees 8000 in a bank at the rate of 5% per annum she withdrew the money after 9 months what is the interest she got? what was the amount we collected from the bank?

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Solution

for one year=>
(80005)/100=400 (interest)
for one month=>
=400/12
for 9 month= (400/12)9=300 (interest)

amount collect = 8000+300=8300 rupee

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Say deposited rupees 8000 in a bank at the rate of 5% per annum she withdrew the money after 9 months what is the interest she got? what was the amount we collected from the bank?

for one year=> (8000*5)/100=400 (interest) for one month=> =400/12 for 9 month= (400/12)*9=300 (interest) amount collect = 8000+300=8300 rupee

for one year=>
(80005)/100=400 (interest)
for one month=>
=400/12
for 9 month= (400/12)9=300 (interest)

amount collect = 8000+300=8300 rupee