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  • X Withdraws Rs 14000 at Rate of Interest 17

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    Hruday Manne
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    X withdrew Rs. 14,000 at 17% interest every 6 months, withdrawing on April 1, 2022 and October 1, 2022. The total interest earned on the withdrawals over 12 and 6 month periods was Rs. 252,000, with Rs. 3,570 interest earned at a monthly rate of 17% of the principal amount.

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    X withdrew Rs. 14,000 at 17% interest every 6 months, withdrawing on April 1, 2022 and October 1, 2022. The total interest earned on the withdrawals over 12 and 6 month periods was Rs. 252,000, with Rs. 3,570 interest earned at a monthly rate of 17% of the principal amount.

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    12 views1 page

    X Withdraws Rs 14000 at Rate of Interest 17

    Uploaded by

    Hruday Manne
    X withdrew Rs. 14,000 at 17% interest every 6 months, withdrawing on April 1, 2022 and October 1, 2022. The total interest earned on the withdrawals over 12 and 6 month periods was Rs. 252,000, with Rs. 3,570 interest earned at a monthly rate of 17% of the principal amount.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    X withdraws rs 14000 at rate of interest 17% every 6 months ending 31/3/2023

    Date amount no of months product

    1/4/22 14000 12 168000

    1/10/22 14000 6 84000

    Total product : 252000

    Interest: 252000 x 17% x 1/12 = 3570

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