Question

Mrs waseem deposit rs 45000 in a bank they bank paid 2% interest per year how much money would she have in the bank after 1 year

Answer 1

Hi!!!!
(P×R×T)÷100
(45000×2×1)÷100
900
45000+900=$45900

Answer 2

She will have Rs.45900 in the bank after 1 year

Step-by-step explanation:

Principal = Rs.45000

Interest = 2%

Time = 1 year

Formula :$A=P(1+r)^t$

A=Amount

P = Principal

r = rate of interest

t=time

$A=45000(1+0.02)^1$

A=45900

Hence She will have Rs.45900 in the bank after 1 year

#Learn more:

Waseem invested Rs 60.000 at an interest rate of 12% per annum compounded half

yearly. What amount would he get

(i) after 6 months?

(ii) after 1 year?

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