John deposits 4000 in a bank. The bank pays intrest at 8%. pa 'Find the intrest and the amount that he will receive after two years
Answers
Answer:
We know the formula,
We know the formula,A=P(1+nr)n.t
We know the formula,A=P(1+nr)n.tWhere,
We know the formula,A=P(1+nr)n.tWhere,A= total amount
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest rate
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per year
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in years
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in yearsGiven:
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in yearsGiven:P= Rs. 4000,r=10%,n=4 and t=5 years
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in yearsGiven:P= Rs. 4000,r=10%,n=4 and t=5 years∴A=4000(1+40.1)4×5
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in yearsGiven:P= Rs. 4000,r=10%,n=4 and t=5 years∴A=4000(1+40.1)4×5⇒A=4000×1.02520
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in yearsGiven:P= Rs. 4000,r=10%,n=4 and t=5 years∴A=4000(1+40.1)4×5⇒A=4000×1.02520⇒A=4000×1.638616
We know the formula,A=P(1+nr)n.tWhere,A= total amountP= principal or amount of money deposited,r= annual interest raten= number of times compounded per yeart= time in yearsGiven:P= Rs. 4000,r=10%,n=4 and t=5 years∴A=4000(1+40.1)4×5⇒A=4000×1.02520⇒A=4000×1.638616∴A= Rs. 6554.46
Step-by-step explanation:
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Answer:
John deposited 4000Rs.
at 8% p.c.p.a
Step-by-step explanation:
therefore,
I = P×R×T/100
that is -
4000 × 8 × 2/ 100
64,000/ 100
that is 640 Rs.
The amount he will receive as interest is 640 Rs.
The total amount he will receive is -
4000 + 640
I.e. 4640Rs.
The total amount that he will receive after two years is 4,640Rs