Question

Lekshmi deposited 25000 rupees in a bank which gives 8% interest compounded annually
How much would she get back after 2 years?
pls reply​

Answer 1

Answer:

Principle = ₹25000

Rate of Interest= 8%

Time = 2yrs

S.I = PRT/100 = 25000 x 8 x 2/100 = 500x8 = ₹4000

So The amount she will get back after 2 years =

So The amount she will get back after 2 years = 25000 + 4000

So The amount she will get back after 2 years = 25000 + 4000= ₹29000

Hope this helps ☺️