Question

10 000 in a fixed diposit account at his bank this fixed diposit ends an interest rate of 11c per unnum calculate the value of nikis investment after 2 years using simple interest that is calculated​

Answer 1

Step-by-step explanation:

P=10,000 T=2 R=11

Interest =(P×T×R)/100

I=(10,000×2×11)/100

I=100×22

I=2,200

interest =2,200 rupees

total = Principle + interest

total investment = 10,000+2,200

total investment=12,200