Q5 of 14 Page 93

Ramlat deposits 30000 rupees in a financial establishment which pay interest at 9% annual rate, compounded every four months. How much would she get back after one year?

Investment = 30000 Rs

Annual rate = 9%


Since Interest is compounded in every four months, Interest has to be calculated thrice a year


Half yearly rate = 3%


Amount after a year=


= 32781.81 32782(.81paisa rounded to 1rupee)


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