Question

mohan deposited 50000 for two years in a fixed deposit account in an agriculture development bank if the rate of interest per is 10% and interest is compounded every six months then an maturity how much money will the bank give mohan​

Answer 1

Answer:

compound interest =p(1+i/100)n

=50000(1+10/100)6

50000(100+10/100)6

50000×(110/100)6

50000×1.771561

88578.05

Answer 2

Answer:

this is your answer

Step-by-step explanation:

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