Question

Heena deposited 2000 in the bank for 3 whole 1 by 4 years at the interest rate. Of 10percent compound annually calculate the amount she received at the end of the term

Answer 1

Answer:

Heena diposited Rs 20000 in a bank.

Rate =10% per annum compounded annually.

Time=

2

3

years.

We know that,

Total amount =P(1+

100

R

)

n

=20000(1+

100

10

)

2

3

=22000

Interest=Amount−Principle=22000−20000=2000