Question

Mrs khanna deposited 48000 in a bank for 5 years . If the bank paid interest at the rate of 8 per annum how Much amount will Mrs khanna get back after 5 years​

Answer 1

Answer:

49920

Step-by-step explanation:

Mrs Khanna deposited =48000

Rate of bank interest paid per annum =8%

Mrs Khanna get back amount after 5 years =

$amount= p \times \frac{r}{100} \times t \\ 48000 \times \frac{8}{100} \times 5 \\ = 1920 \\ 48000 + 1920 = 49920$