Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 12-commerce Answered

A certain scheme of a bank offers an annuity of rupees 1800 for 10 years if invest rupees 12000. What will be the rate of interest
Asked by rj21071997 | 02 May, 2022, 03:49: PM
answered-by-expert Expert Answer
Total money paid by an individual = Rs. 12000
Annuity paid by the bank = Rs 1800 
Total amount to be paid by the bank = 1800 x 10 = Rs. 18000
Intereset received = 18000 - 12000 = Rs. 6000
Rate of interest = 50%
Answered by Renu Varma | 04 May, 2022, 11:34: AM
CBSE 12-commerce - Maths
Asked by manishpaladiya652 | 28 Feb, 2024, 11:26: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by nainaadityathakur | 06 Feb, 2024, 01:38: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by najakatkhan6698 | 25 Dec, 2023, 10:37: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by darshanasharma0409 | 21 Sep, 2023, 06:07: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by routdebasmita900 | 13 Aug, 2023, 10:43: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by grdsagar97 | 03 Jun, 2023, 11:07: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by aniketsingh25027 | 07 May, 2023, 02:39: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×