Question

Priyanka deposited 6500 in a bank for one year. The bank pays interest at the rate of 9% per annum. She withdrew 1250 after the end of the year and deposited the remaining amount for 2 amount will she get after two years? ​

Answer 1

Answer:

Step-by-step explanation:

Step-by-step explanation:

P=6500,r=9%per annum

Amount of 1 year = rs (6500×9×1)/100

=rs(65-9)=585

Amount after 1 year = rs (6500+585)=rs 7085

Priyanka withdrew rs 1250 after 1 year

Balance amount = rs (7085-1250)

=rs 5835

Now,

Interest for next two years balance amount

= rs (585×9×2)/100=rs 1050.30

Hence,The amount after 3 years

Rs (5835+1050.30)= rs 6885.30.