Question

8.

A bank offers the following rate of interest for fixed deposit:
Time (Years)
Rate (%)
9.0
1 to 2
10.0
2 to 3
11.0
> 3
12.0
The amount (A) after n years is calculated by using the formula :
A = P (1 + r/100)
Where P = Principal amount deposited, ,
R = Rate of interest,
n = Number of years
Write a program to accept deposited amount (P), number of years the amount is deposited for (n) and compute
the accrued amount for an investor.​

Answer 1

Simple interest does not add any interest rate on the interest amount ... r = Rate of Interest ... principal amount with the rate of interest and the tenure of the loan or deposit. ... (P x r x t) ÷ (100 x 12) ... Example 1: If you invest Rs.50,000 in a fixed deposit account for a period of 1 year at ... (5,00,000 x 18 x 3) ÷ 100 = Rs.2,70,000.

Step-by-step explanation: