Question

Mrs Gupta deposists ₹10,000 in a bank for 5 years at the rate of 1.5% per month. How much money, did she get at the end of that period?​

Answer 1

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Answer 2

Step-by-step explanation:

we have

P = rupees 10000

time = 5 years

rate = 1.5 % per month =

18% p a

now ,

si = p×r×t /100

= 10000 ×18× 5 / 100

= 9000

hence total amount she did get at the end of the equal rupees 10000 +9000= 19000