The Prinicipal Income is .
Time period is three months .Therefore, years .
Rate of interest is
Find the total amount compounded continuously.
\ .
Substitute all the values in the equation.
\
The total amount is.
The total amount is the initial amount in the passbook with
rate of interest on May 1st.
The Prinicipal Income is .
Time period is four months.
\Therefore,years .
Rate of interest is
Find the total amount compounded monthly.
\.
For monthly compounded .
Substitute all the values in the equation.
\
The total amount is .
Therefore,the total amount is in passbok on may 1st compounded monthly with interest of is
.
The total amount is in passbok on may 1st compounded monthly with interest of is
.