Rahaman Chacha Deposited Some Money In A Cooperative Bank At The Rate Of 9% Compound Interest And The Received Amount ₹ 29702.50 After 2 Years. Let Us Calculate How Much Money Rahaman Chacha Had Deposited In Cooperative Bank. - ConceptEra

<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-5L2RTLHB" height="0" width="0" style="display:none;visibility:hidden"></iframe>

Question

Rahaman chacha deposited some money in a cooperative bank at the rate of 9% compound interest and the received amount ₹ 29702.50 after 2 years. Let us calculate how much money Rahaman chacha had deposited in cooperative bank.

Solution

Share this solution

Related Question

Q- As the farmers are becoming more alert of the harmful effects of applying only the chemical fertilizers and insecticides in agricultural lands, the number of farmers using fertilizers and insecticides in village of Rasulpur decreases by 20% in a year in comparison to its previous year. Three years before, the number of such farmers was 3000, let us calculate the number of such farmers in that village now.

Chapter: Compound Interest and Uniform rate of Increase or Decrease

View Answer

Q- Weight of Savan babu is 80 kg. in order to reduces his weight, he started regular morning walk. He decided to reduce his weight every year by 10%. Let us write by calculating, his weight after 3 years.

Chapter: Compound Interest and Uniform rate of Increase or Decrease

View Answer

Q- As a result publicity on smoking, the number of smoker is decreased by 1 ¼ every year in comparison to its previous year. If the number of smokers at present in a city is 33750, let us write by calculating, the number of smoker in that city 3 years before.

Chapter: Compound Interest and Uniform rate of Increase or Decrease

View Answer

ConceptEra: The Learning App for WBBSE Students

Attend classes, ask doubts, give mock tests, and much more from the comfort of your home

Download The App

[email protected]

+91 70442 89520

The Learning Platform For WBBSE Students

Quick Links

News Letter

Subscribe to our newsletter to get important news and updates

© Copyright 2022 ConceptEra | All Right Reserved