How much should Asoke deposit in a bank on monthly basis if he wants t – InterviewSolution

1.

How much should Asoke deposit in a bank on monthly basis if he wants to get Rs. 17,199 at the end of 6 years, the interest being 12% simple interest p.a.?

Answer»

ong>Answer:

12 MONTH = 1 YEAR

AMOUNT =p×p× t / 100

= 121715× 11×1/100

=13388.65

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