Question

if Pankaj deposit 1,50,000 rupees in a bank at 10 p.c.p.a for two years what is the total amount he will get from the bank​

Answer 1

2 lakhs is the answer

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Answer 2

As per the data given in the question,

In the above question, it is given that,

Given that if Pankaj deposits 1,50,000 rupees in a bank at 10 p.c.p.a for two years.  

Here we have to know what is the total amount he will get from the bank​.

We have to use the formula of total interest I=PRT/100.

Thus, Total interest,

$I=\frac{P\times R\times T}{100}$

Substituting the value in the above equation we get,

$=\frac{150000 \times 10 \times 2}{100}\\=Rs.30000$

Therefore the total amount =P+I

$\begin{array}{l}=150000+30000 \\=Rs.180000 \text { }\end{array}$

Hence the total amount of Rs.180000 will get from the bank.