1. Mrs. Sharma deposited 60,000 in a bank for 2 years. If the interest is 8% p.a. compounded
annually, what amount will she receive at the end of 2 years.
please give me answer fast.
Answers
Answered by
8
Answer:
Let Principal amount P=60,000
Time period t=2
rate of interest r=
100
8
=0.08
Total amount =P(1+r)
t
=60000(1+0.08)
2
=69,984
Answered by
0
Answer:
a=60000(1+8/100)^2
a=60000*27*27/25*25
a=29984
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