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ICSE Class 10 Answered

If a man got 6 persent rate of interst from a bank he gives in the bank 1000rs per month so in the end of the year he will got  how much amount

Asked by Sanjaykumargupta29698 | 11 Jun, 2019, 09:52: PM
Expert Answer
r = 6%, P = Rs. 1000, n = 1 year = 12 months
begin mathsize 16px style straight A equals Pn plus fraction numerator Pn left parenthesis straight n plus 1 right parenthesis straight r over denominator 12 cross times 100 end fraction
straight A equals 1000 cross times 12 plus fraction numerator 1000 cross times 12 cross times 13 cross times 6 over denominator 24 cross times 100 end fraction
straight A equals Rs. space 12390 end style
Answered by Sneha shidid | 12 Jun, 2019, 10:56: AM

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