On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be

Question

Accepted Answer

Now, the principal amount P = Rs. 1,45,440 Rate of interest R = 20%/annum Now monthly income I = PTR/100 = 1,45,440 x 20 x 1/100 x 12 = 2908800/1200 = Rs. 2424. Hence, her m…

On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be

Discussion & Comments