Question

A bank gives 5% simple interest per annum. In that bank, Dipubabu deposits ₹ 15,000 at the beginning of the year, but withdraws ₹ 3000 after 3 months and then again, after 3 months he deposits ₹ 8000. Let us determine the amount (principal along with interest) Dipubabu will get at the end of the year

December 27, 2023

Answer

Dipu Babu’s total interest for 1 year

= $(\frac{15000 × 5}{100} × \frac{3}{12}+\frac{12000 × 5}{100} × \frac{3}{12}+\frac{20000 × 5}{100} × \frac{6}{12}) \\$

= ₹ $(\frac{150 × 5}{4}+150+500)$

= ₹ 187.50 +₹ 150 +₹ 500 = ₹ 837.50

∴ His amount will be ₹ [20000+837.50]= ₹ 20837.50

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