Question

govinda deposited rs 250 for 2 years with a co operative bank which pays him an interest at the rate of 8%per annum.find the amount he will get at the end of 2 years

Answer 1

Answer:

Rs290

Step-by-step explanation:

Interest=PRT/100

250*2*8/100=Rs40

Rs40 is interest in 2 years.

Amount after 2 years=Rs250+Rs40=Rs290

Rs290 is the amount he got after 2 years.

Answer 2

Answer:

336.40

Step-by-step explanation:

Amount = $P(1+\frac{R}{100} )^{t}$

$A = 250(1+\frac{8}{100} )^{2} \\\\A = 250(1+\frac{4}{25} )^{2} \\\\A = 250*(\frac{25+4}{25} )^{2} \\\\A = 250(\frac{29*29}{25*25}) \\\\A = \frac{2*29*29}{5}$

A = 336.40 Answer

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