1.
I have 5000 in my hand. I deposited that money in a bank at the rate of 8.5% compound
interest per annum for two years. Let us write by calculating how much money I shall get at
the end of 2 years.
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Answered by
0
5000(1+85/1000)raised to par 2
solve this you will get answer
Answered by
0
Answer:
given:❥ Principle:₹5000
❥Rate per annum:8.5%
❥time:2 years
R.T.S: Amount after 2 years
LETs solve!
∴ Amount: p(1+r/100)²
=5000(1+85/1000)²
=5000(217/200)²
=5000(47089/40000)
= 5886.125(approx)
∴ I shall get ₹5886.125(approx
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