Question

9 Aashna deposited 12,000 in a bank for 2 years. It is compounded annually at 9% p.a. What
amount will she receive on maturity (at the end of 2 years​

Answer 1

Answer:

$12000 \times 9 \times 2 \div 100 \\ 1080 \times 2 \\ 2160$

Answer 2

Answer:

formula p(1+r/100)ñ

so 12000(1+9/100)²

12000×109/100 × 109/100

12 × 109 × 109/10

109 × (100+10-1) × (10 + 2)

10900 + 1090 - 109 × 10+2

11881 × 10 + 11881 ×2

118810 + 23722

and divide it by 10

that will be ur answeR

WHICH IS 14257.2