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 A person makes a fixed deposit of Rs. 20000 in Bank of India for 3 years. If the rate of interest be 13% SI per annum charged half yearly. What amount will he get after 42 months?
  • a)
    29100
  • b)
    28100
  • c)
    27100
  • d)
    26100
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A person makes a fixed deposit of Rs. 20000 in Bank of India for 3 yea...
A. 29100
Explanation: R=13%, T= 42 months For half year R=13/2, T= (42/12)*2= 7 half-years SI= (20000*7*6.5/100) = 9100
A= P+SI = 20000+9100=29100
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Community Answer
A person makes a fixed deposit of Rs. 20000 in Bank of India for 3 yea...
T=42 m =3.5 y
A=20000
R= 13%
for duration 3 year
SI = A*T*R/100
=20,000*3.5*13/100
= 9,10,000/100
= 9100
total amount getting by person = amount +interest

= 20,000+9100= 29,100
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