Question

Beena deposited 5000 rupees in a bank which gives 8% interest
compounded annually. How much would she get back after two years ?
first year's amount
=5000
first year's interest
= 5000x8/100
= 5000+.
second year's amount
second year's interest
amount gets after 2 years​

Answer 1

Answer:

5000x8/100x2 =800

5000+800=5800

5800 is the answer

Answer 2

Answer:

5800 is the correct answer