Mona deposits Rs. 15000 in her bank account for 6 years to earn a simple interest of 11.5%. What amount will she get after 6 years?
Rs. 25350
After 6 years she will get Rs.15000 + 15000*6*11.5/100= Rs. 25350
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?
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.
