Question

pankaj deposite RS 1,50,ooo in the bank at 10 p.c.p.a for two year what total amount will he get from the bank at the end of the period ?​

Answer 1

Step-by-step explanation:

Principal = 150000

rate = 10%

Time = 2 years

compound interest = P ( 1 + R ) n

= 150000 ( 1 + 10 ) 2

_ __

1 100

= 150000 ( 1 + 1 ) n

_ __

1 10

= 150000 × 11 × 11

___ __

10 10

amount after two years = 181500₹