Math, asked by mantrralayamanthu, 2 months ago

Nikhli is a motor mechanic. He works in a workshop. He saves part of his

monthly earnings for future. In one year he saves ₹ 20000. He deposited

this amount in bank for 2 years. The bank pays interest at the rate of 10%

p.a compounded annually.​

Answers

Answered by anzalnanihas
0

Answer:

₹24200

Step-by-step explanation:

A= P(1+R/100)^n

= 20000(1+10/100)^2

= 20000*110/100*110/100

=2*110*110

=₹24200

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