10. Mrs Pundir has 12000 in her bank account.
If the bank pays 10% per annum and she
deposited 2000 at the end of each y

10. Mrs Pundir has 12000 in her bank account.
If the bank pays 10% per annum and she
deposited 2000 at the end of each year, find
the amount in her account at the end of the
third year.
C​

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Raelynn

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  1. Answer:

    Here is your answer mate…

    Principal = Rs.12000,

    Rate \% = 10 \%

    Interest paid by the person in 5 years

    =12000×10×5100 =Rs.6000

    Interest received by the person after 3years

    =Rs.(6000−3320)=Rs.2680

    By using formula,

    Rate \% =268012000×1003=679=749%

    Hence required Rate \%=749%

    I hope it will help you..

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