Question

Raju deposied 15000rupees in a bank which pays 8% interest compounded annually how much would he get back after 2 years​

Answer 1

Given

• Principal= Rs.15000
• Rate =8%
• Time=2 Years

To Find

• Amount

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

Amount=15000(1+8/100)^2

Amount=15000(108/100)^2

Amount=15000×11664/10000

Amount=1.5×11664

Amount=17496

• Rs.17496 will he get back after 2 years

Answer 2

Step-by-step explanation:

17496 is the amount

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