Question

sajan deposited rs 25,000 in a bank which pays 11.5% per annum. find the amount he will get after 5 years​

Answer 1

Answer:

Rs. 39375.00 Interest earned Rs.14375.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 11.5%/100 = 0.115 per year.

Solving our equation:

A = 25000(1 + (0.115 × 5)) = 39375

Therefore, Sajan will have 39375 Rs. in the bank after 5 years

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