Question

Mahesh deposited ₹20,000 in a bank at a rate of 8 p.c.p.a. for 6 years What is the total amount he will get from the bank? *

Answer 1

Step-by-step explanation:

amount deposited=₹20000

rate of interest=8p.c.p.a

years=6

formula :

amount to be recived=amount deposited*rate of interest*years/100

=20000*8*6/100

=9600

total amount he will get= 20000+9600=29600.