10. Mrs Pundir has 12000 in her bank account.If the bank pays 10% per annum and shedeposited 2000 at the end of each year, findthe amount in her account at the end of thethird year.C About the author Raelynn
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.. Reply
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..