Question

Mohan deposited Rs.100 in the bank. Recurring deposit account opened for 5 years @ per month. If the rate of interest is 5% per annum, what amount will he get after five years? answer quickly​

Answer 1

Answer:

625

Step-by-step explanation:

principal=100

time=5

rate=5

S. I. =PxRxT/100

• S. I. =100x5x5/100
• 5x5=25
• Amount=P+I
• Amount =100+25
• Amount=125
• 125x5=625