Rahul deposited 15000/- in a bank which gives 2% interest compounded annually. How much would he get after 2 years?
please help to solve this. 50 pts to the solver
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Answered by
1
Step-by-step explanation:
Correct option is
C
Rs. 16,537.50
P= Rs. 15000; R=10% p.a =5% per half-year; T=1 year =2 half-years.
∴ Amount =[15000×(1+
100
5
)
2
]
= Rs. (15000×
20
21
×
20
21
)
=16,537.50
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