Question

minti deposited rs 700 in the bank how much did she earn at the end of 2 years at 5 % a​

Answer 1

Answer:

P=Rs 700

n= 2×12=24months

r=5

I = p×n×(n+1)/2×12×r/100

I=700×24×(24+1)/2×12×5/100

l=700×24×25/2×12×1/20

I=35×25

I=Rs875

Maturity value = p×n+I

=700×24+875

=16800+875

=Rs17675