Question

Dipti puts ₹26000 in a fixed deposit at 8% p.a. if she gets interest on the previous years interest also fiind the amount .

Answer 1

Answer:

Interest = Rs 2080

Total sum = Rs 28080

Step-by-step explanation:

Deposit = Rs 26000

Find the interest:

Interest = 8% of Rs 26000

Interest = 0.08 x 26000 = Rs 2080

Find the sum:

Sum = Deposit + interest

Sum = 26000 + 2080 = Rs 28080

Answer: Interest is Rs 2080 and the total sum is Rs 28080