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  • I deposited 6000 for 4 years into a saving account paying 6%/p a.how much money will you have immediately after you make your fourth and final deposit

I deposited 6000 for 4 years into a saving account paying 6%/p a.how much money will you have immediately after you make your fourth and final deposit

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Solution : 

We have ,   

⇒  P  = 6000 , R = 6%  ,T = 4 

⇒  SI = ( P × R × T ) / 100 

 

⇒  SI = ( 6000 × 6 × 4 ) /100  

⇒ SI =  1440 

⇒  AMOUNT = ( SI + P ) 

⇒ AMOUNT =6000 + 1440 = 7440 ANS 

 

Posted by

Deependra Verma

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