Question

10. Heena deposited 2000 in the bank for 3 1/4 years at the interest rate of 10% p.a. compounded annually.

Calculate the amount she received at the end of the term.​

Answer 1

Answer:

$650

Step-by-step explanation:

2000×13×10÷100×4= 650

Answer 2

Step-by-step explanation:

Using Formula in Simple interest in Solutions

Simple Interest = P × R × T / 100

Given :

Heena Deposit Rs = 2000

Time = 3 right 1/4 = 3.25

Rate Of Interest = 10% p.a

Find :

The Amount Received at End Term

Solutions :

Simple Interest = P × R × T / 100

Simple Interest = 2000 × 3.25 × 10 / 100

Simple Interest = 20 × 3.25 × 10

Simple Interest = Rs 650

Total Amount = Rs 200 + Rs 650

Total Amount = Rs 2650

She Received Rs 2650 at the end Term