Question

15. A bank pays 5% simple interest per
annum for deposit accounts. If
Ahmed deposits #200.00 in the
bank for two years, what will be his
total amount in the bank at the end
of two years?
(a) A10
(b) #20
(c) 200
(d) 210
(e) #220
ans​

Answer 1

Answer:

Answer=220

First take the principal which is 200 and then rate of interest which 5% and take time which is 2years.Then multiply

200×5×2 divided by hundred.

It is 20 then add the principal to find the amount so ot 20 +200=220

Answer 2

Answer:

100000 because the rate of 5%