How much amount would a person receive at maturity if he invests a sum of Rs. 1947 at the rate of 10% of simple interest for 2 years in a bank?
Amount = SI + Principle = 1947*2*(10/100) × 1947 = 2336.4.
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.
