banking

This query is : Open

dileepkumar (Querist)
Follow

22 June 2017 Rahul deposited Rs. 2,000 at the end of every month in a bank for five years. The rate of interest is 1% per month. The closest accumulated amount at the end of 5 years will be

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

22 June 2017 Amt will be 168000/-

Message likes : 3 times

dileepkumar

dileepkumar (Querist)
Follow

22 June 2017 Liz reply with solution

dileepkumar

dileepkumar (Querist)
Follow

22 June 2017 piz reply with solution

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

22 June 2017 Formula is Principal *(100+Rate/100)™

2000*(101/100)™5*12

Message likes : 3 times

dileepkumar

dileepkumar (Querist)
Follow

22 June 2017 thank you mam

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

22 June 2017 Welcome.. .

Message likes : 2 times

dileepkumar

dileepkumar (Querist)
Follow

22 June 2017 once more question mam

dileepkumar

dileepkumar (Querist)
Follow

22 June 2017 Money Back Finance floated a scheme – “Pay us Rs. 100 per year for 5 years; we will pay Rs. 100 per year forever thereafter” All payments are
made and received at the end of the year. What is the interest rate that MoneyBack Finance is using to offer this scheme? Give the approximate
interest rate range reply with solution

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jeegar Valera

Tia Blair

Sabareesan S Venkatesh

kambamcr@gmail.com

Nithish Kothari

Subscribe Now

banking

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Accountant

Article Assistant

GST CONSULTANCY

CA Final