Assuming its a simple interest -
SI = money * time * rate / 100
=>
Time = money * rate /100 * SI =4000*5/100*448
=> .446 or 5 Month 10 days (approx)
Answer: 5 Month 10 days (approx)
How much amount would a person receive if he invests a sum of Rs. 12500 at the rate of 6.5% of simple interest for 12 years in a bank? Please note that the bank levies a charge of Rs. 175 on every fixed deposit.
How much amount would a person receive if he invests a sum of Rs 13500 at the rate of 6.5% of simple interest for 13 years in bank? Please note that the bank levies a charge of Rs. 125 on every fixed deposit.
How much amount would a person receive if he invests a sum of Rs. 12500 at the rate of 6.5% of simple interest for 17 years in a bank? Please note that bank levies a charge of Rs. 75 on every fixed deposit.
How much times (in years) will it take for an amount of Rs. 450 to yield Rs. 162 an interest at 4.5% per annum of simple interest?
