Sir,pls solve this with explanation

Rhea deposited Rs. 2,000 at the end of every month in a bank for four years. The rate of interest is 15% per year (you can assume that the annual interest rate can be converted to monthly rate by dividing the amount by 12). However, she forgot to withdraw the amount at the end of 4 years and withdrew it after a year; i.e. at the end of the 5th year. The accumulated amount at the end of 5 years will .
Replies (2)

ASSUMPTIONS: After the end of 4 years there are no deposits made by Ms.Rhea.

I give a detailed workings which you can find in the below excel file attachment.

Any queries you can text me.

Thank you.

Thank u so much sir

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details