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Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ?
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Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rat...
Calculation of Amount Received at the End of 3 Years
- The formula to calculate the amount received at the end of a certain period for simple interest is:
A = P(1 + rt), where
A = Amount received
P = Principal amount deposited
r = Rate of interest per annum
t = Time period in years
Given Data:
- Principal amount (P) = Rs. 50,000
- Rate of interest (r) = 4% per annum
- Time period (t) = 3 years
Calculation:
- Plugging in the values in the formula:
A = 50,000(1 + 0.04*3)
A = 50,000(1 + 0.12)
A = 50,000(1.12)
A = Rs. 56,000
Conclusion:
- Mr. Gupta would receive Rs. 56,000 at the end of 3 years on his deposit of Rs. 50,000 in the post office saving bank at a rate of 4% per annum.
- The formula to calculate the amount received at the end of a certain period for simple interest is:
A = P(1 + rt), where
A = Amount received
P = Principal amount deposited
r = Rate of interest per annum
t = Time period in years
Given Data:
- Principal amount (P) = Rs. 50,000
- Rate of interest (r) = 4% per annum
- Time period (t) = 3 years
Calculation:
- Plugging in the values in the formula:
A = 50,000(1 + 0.04*3)
A = 50,000(1 + 0.12)
A = 50,000(1.12)
A = Rs. 56,000
Conclusion:
- Mr. Gupta would receive Rs. 56,000 at the end of 3 years on his deposit of Rs. 50,000 in the post office saving bank at a rate of 4% per annum.
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Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ?
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Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ?.
Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Gupta deposited Rs. 50,000 in a post office saving bank at the rate of 4\% per annum. How much amount would he receive at the end of 3 years ?.
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