Question

Mr.Sharma deposited a sum of Rs.6000 in the bank at the rate of 12.5 per year find the amount received by him at the end of four years six months

Answer 1

Rs 375.00

Explanation:

12.5 ÷ 100 × 6000 × 0.5 = 375.00

Answer 2

`12.5 / 100 * 6000 * 0.5 = 375.00`

you have to convert six months to years by dividing six by 12 because it must be in years

Explanation:

6÷12=0.5years

%/rate × money × years

12.5 ÷100 always divide by 100 because it is percentages over 100

12.5÷100 ×6000 ×0.5=Rs375.00