Question

Mr. Sharma invested an amount of Rs 25,000 in fixed deposit @ 8% p.a. C.I. for two years. What amount Mr. Sharma will get on maturity?

Answer 1

principal- 25000

rate- 8 perc per annum

time- 2 years

amount -p*1+r/100"t

25000*1+8/100"2

25000*108/100"2

25000*27/25*27/25=29160

Amount Mr. sharma get on maturity is 29160.

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