Question

Ram deposited Rs. 20000 for two years in
pisced deposit account If the annual
rate
ا A
of interest is 6% per annum and the
interest is compounded evetry sex
maths month, then whcet
remount null
Ram seget after due date​

Answer 1

Answer:

SI=PRT/100

P= Rs. 20,000, R= 6%, T= 2 years.

= 20,000×6×2/100

=2,40,000/100

= 2,400

Therefore, SI= Rs. 2,400