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प्रश्न
Shrikant deposited 85,000 rupees for `2 1/2` years at 7 p.c.p.a. in a savings bank account. What is the total interest he received at the end of the period?
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उत्तर
Given:
Principal (P) = 85000 rupees,
Rate of interest (R) = 7%
Time (T) = `2 1/2` years
= `5/2` years
Formula:
Total interest (I) = `("P"xx"R"xx"T")/100`
Solution:
I = `(85000xx7xx5/2)/(100)`
= `(85000xx7xx5)/(2xx100)`
= 14875 rupees
Hence, Shrikant will receive 14875 rupees as interest from the bank.
संबंधित प्रश्न
Sonia had a recurring deposit account in a bank and deposited Rs. 600 per month for 2 1/2 years. If the rate of interest was 10% p.a., find the maturity value of this account.
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A page from the ‘Savings Bank’ account of Priyanka is given below:
| Date | Particulars |
Amount (Rs.) |
Amount deposited (Rs.) |
Balance (Rs.) |
| 03/04/2006 | B/F | 4000.00 | ||
| 05/04/2006 | By cash | 2000.00 | 6000.00 | |
| 18/04/2006 | By cheque | 6000.00 | 12000.00 | |
| 25/05/2006 | By cheque | 5000.00 | 7000.00 | |
| 30/05/2006 | By cash | 3000.00 | 10000.00 | |
| 20/07/2006 | By self | 4000.00 | 6000.00 | |
| 10/09/2006 | By cash | 2000.00 | 8000.00 | |
| 19/09/2006 | To cheque | 1000.00 | 7000.00 |
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Fill in the blanks in the table.
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