Mr Sharma deposit a sum of rupees 6000 in a bank at the rate of 12 per year find the amount received by him at the end of 4 years

Mr Sharma deposit a sum of rupees 6000 in a bank at the rate of 12 per year find the amount received by him at the end of 4 years 6 months​

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1 thought on “Mr Sharma deposit a sum of rupees 6000 in a bank at the rate of 12 per year find the amount received by him at the end of 4 years”

  1. Priniciple =Rs 6000

    Rate of interest = 12%

    Time = 4years6months = 4 × 12 + 6/12 = 54/12year

    SI= P×R×T/100

    = Rs 6000 × 12 × 54/100 x 12

    =Rs 60 X 54

    =Rs 3240

    Amount = P + SI

    =Rs6000+Rs 3240

    =Rs 9240

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