Question

If Rs 150000 are invested today in a saving account, how much money would there be in the account after 5 years if the compound interest rate is 6%?

Answer 1

250,000 will be compound interest

Answer 2

s.i=time×rate×principal÷100

s.i=150000×6×5÷100

s.i=900000×5÷100

s.i=4500000÷100=45000

amount=principal+s.I=150000+45000=195000