Home
Class 8
MATHS
John deposited 2500 rupees on the first ...

John deposited 2500 rupees on the first of January in a bank where interest is compounded half-yearly at `6 %` annual rate. On the first of July, he deposits 2500 rupees more. How much would he have in his account at the end of the year?

Promotional Banner

Similar Questions

Explore conceptually related problems

Johny save 15 % of his earnings each month. In January he got 32000 rupees. How much would he save?

Manu deposited 15,000 rupees in a financial establishment which pays interest compounded every 3 months, at 8 % annual rate. How much would he get back after one year?

Sumesh deposited 10000 rupees in a bank which gives 5 % interest compounded annually. How much would he get after 2 years?

Thomas took out a loan of 15000 rupees from a bank which charges 12 % interest, compounded annually. After 2 years, he paid back 10000 rupees. To settle the loan, how much should he pay at the end of three years?

A person took out a Ioan of 16,000 rupees from a bank which charges interest compounded quarterly. The annuál rate of interest is 10 % . How much should he pay back after 9 months to settle the loan?

Anas deposited 20000 rupees in a bank which pays 6 % interest compounded annually. How much would he get back after 3 years?

Babu deposited 25000 rupees in a bank which gives 15 % interest. How much would he get back after two years?

Sandeep deposited 25000 rupees in a bank which pays 8 % interest compounded annually. How much would he get back after two years?

Suma deposited 25000 rupees in a bank, which gives 11 % interest. How much would she get back after 3 years?