Create Mathematical Equation for "A"

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Create Mathematical Equation for "A"

Postby gireeshkottayam » Sat Feb 06, 2021 12:13 am

A Maturity Amount
P RD Instalment each month
N Compounding Frequency (in years)
R RD interest rate in percentage
t Tenure
S Senior citizen
SW Senior Citizen Women

Condition:
A person has decided to put Rs.1000 per month in his recurring deposit for a period of 5 years. The interest rate is 8%, the interest rate for senior citizens and women is 11% , and interest for senior citizens + senior citizen woman interest is 11.5%.

write equation for "A" = ?

.
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Re: Create Mathematical Equation for "A"

Postby Baltuilhe » Sat Feb 06, 2021 11:00 am

Can you give a numeric sample to help giving you a formula? :)

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Re: Create Mathematical Equation for "A"

Postby Guest » Sat Feb 06, 2021 10:59 pm

Baltuilhe wrote:Can you give a numeric sample to help giving you a formula? :)


a=20
b=5
find c= ?

a+(a/b)=c
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Re: Create Mathematical Equation for "A"

Postby Guest » Mon Apr 26, 2021 10:25 am

The interest rate is 8%, the interest rate for senior citizens and women is 11% , and interest for senior citizens + senior citizen woman interest is 11.5%.

Is that legal? In any case, if the interest depends upon whether the person is a senior citizen or a woman, then we would need to know if the "person" in the problem is a senior citizen or a woman.
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