Question

Mrs. Sharma deposited ? 60,000 in a bank for 2 years. If the interest is 8% p.2. compounded
annually, what amount will she receive at the end of 2 years?
​

Answer 1

Answer:

money mrs sharma deposited=60000

time taken=2 years

interest=8%per annum

money she will recieve at the end of 2 year=money*time*intrest divided by 100

69600[ans]

Answer 2

Answer:

Hi, dear

Here is your answer

Let principal amount P =60000

Time t=2 years

Rate of interest r = 8/100

Total amount = P(1+r)^t

= 60000(1+8/100)^2

=60000(100+8/100)^2

=60000(108/100)^2

=60000×108/100×108/100

=6×108×108

=69984

Hope this help u

please follow me