If 6 years ago you invested Rs. 500 and received an interest rate of 4% (compounded monthly), how much would you now have?

Asked by Last Modified  

1 Answer

Learn Mathematics +2 Class IX-X Tuition Annuities

Follow 0
Answer

Please enter your answer

Trainer

Rate = 4%= 0.04 Amount = 500 since compounded monthly = no of years x 12=6 x 12 = 72 total amount = 500 x(1+0.04)^72 Rs. 8421.131.
Comments

Related Questions

What is the best way to solve algebra problems?
There is no single "best" way to solve algebra problems, as the best approach will vary depending on the specific problem. However, there are some general principles that can help you tackle algebra problems...
Profile Photo
Pinaki
0 0
View Comments7
Which is the best website for notes for class 9?
All are good.. it's better to make your own notes by taking help from these online websites..
Profile Photo
Deepa
0 0
View Comments5
Define congruence rules?
Triangles are congruent if two pairs of corresponding angles and a pair of opposite sides are equal in both triangles. If there are two pairs of corresponding angles and a pair of corresponding opposite...
Profile Photo
Igno
What is Algebraic K-Theory?
https://vz-3ad30922-ba4.b-cdn.net/058df44f-722a-49be-822b-67acfa19fd4c/play_480p.mp4
Profile Photo
Priya
0 0
View Comments7
The diameter of a sphere is 28 cm. Find the cost of painting it all around at Rs. 0.10 per square cm.
Diameter 28 cm. so radius 14 cm Surface area = 4/3 x 22/7 x 14 x 14= 821.33 sq cm Cost of painting 821.33 x 0.10 = Rs 82.13 Ans
Profile Photo
Vibha
0 0
View Comments6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons


come and join me.. and tell me what more you want...
https://www.youtube.com/channel/UCyVihvpwbCsVTAN-K2no-4w
Profile Photo

X- Maths-1. Sets and Functions
1.3 - Cardinality of sets 1. Let A,B, C are the three sets, then n(A)=17, n(B)=17, n(C)=17, n(BnC)=6, n(AnC)=5, and n(AnBnC)=2 then find n(AUBUC). Solution: n(AUBUC). = n(A) + n(B) + n(C) - n(AnB)-....
Profile Photo


Class-10 L-5 Arithmetic Progressions Ex-5.3 Q2 (ii)
https://vz-3ad30922-ba4.b-cdn.net/5658c8d9-a263-4d53-b74c-2c754e24eb5b/play_480p.mp4
Profile Photo

Recommended Articles

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you