Question

Babu deposited Rs 5000 in a bank which gives 10% interest compounded annually
a. How much amount is credited in his account after one year?

Answer 1

Answer:

Amount is rs.5500

Step-by-step explanation:

Here is your answer..

Given:

P = 5000₹

R = 10%

N = 1 YEAR

A = ??

A = P × ( 1 + R/100 )^N

A = 5000 × ( 1 + 10/100 )^1

A = 5000 × 11/10

A = 5500₹

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