Question

if pankaj deposits 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

150000×10×2 = total amount

1500000×2 = Talmal amount he wil get is 3000000

Answer 2

Step-by-step explanation:

• Here, P = 150000, R = 10 p.c.p.a., T = 2 years ∴ Total interest = (P x R x T)/100 = (150000 x 10 x 2)/100 = Rs. 30000 ∴ Total amount = Principal + Total Interest = 150000 + 30000 = Rs 180000 ∴ Pankaj will receive Rs 180000 from the bank.