Question

A man deposits 5000 rupee yearly. After his two yearly installment, he stops the deposition. The amount he will receive
after 2 year with a yearly interest of 10% is

Answer 1

Answer:

to calculate the interest he gets after two years:

p= 5000 n=24 months. r=10

I=pxnx(n+1)xr/2x12x100

I= 5000x24x25x10

    2x12x100

I=12500 rupees

therefore the interest he recieves is 12500 rupees

hope that helped

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