Lekshmi deposited 25000 rupees in a bank which gives 8% interest compounded annually.
How much would she get back after 2 years
Answers
Answered by
1
Answer:
29000
Step-by-step explanation:
Amount deposited= 25000
rate of interest = 8%
number of year=2
Amount lekshmi got after 2 years = 25000[1+8÷100]²
= 25000×8×2/100
=500×8=4000
=25000+4000
=29000
=
Similar questions