Question

Maya deposited 25000rupees in a bank which pays 8%

interest annually. How much would she get back after two

years?​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

29160

Step by step explanation :

First year's balance = ₹25000

First year's interest = I =Pnr ÷ 100

=25000×1×8÷100(cut down 2 zeroes from 25000and100)

= ₹2000

Second year's balance =25000+2000

=27000

Second year's interest= I =Pnr ÷ 100

=27000×8÷100

(cut down the zeroes)

=2160 rs

Amount after 2 years =27000+2160

=29160

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