At the beginning of year 2011, a man had
₹22,000 in his bank account. He saved some
money by the end of this year and deposited
it in the bank. The bank pays 10% per annum
compound interest and at the end of year
2012 he had ₹ 39,820 in his bank account.
Find, what amount of money he had saved
and deposited in his account at the end of
year 2011. plz answer it
Answers
Answered by
1
Answer:
Interest (a)
10
%
for
1
s
t
y
e
a
r
=
R
s
220
Total Amount = Rs 24200
Let the money added at the end of 2011} Rs x.
So principal at the 2012
→
24200 + x
Interest (a)
10
%
on this
=
2420
+
10
x
100
Amount =
(
24200
+
x
)
+
(
2420
+
10
x
100
)
R
s
39820
(given)
(
x
+
10
x
100
)
=
39820
−
26620
=
13200
x
=
/
13200
1200
+
/
10
=
R
s
12000
He added Rs 12000
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