Sandeep deposited 25000 rupees in a bank which place 8 % interest compounded annually how much would he get back after 2 years
Answers
Answered by
2
Answer:
Amount-29000
Step-by-step explanation:
Principal-25000
Rate-8
Time-2years
Interest-p*r*t\100
25000*8*2/100
Rs 4000
A- p+I
25000+4000
Answered by
4
Answer:
it is compound interest therefore...
1 year simple interest + 2 year interest..
s.i =25000*8*1/100=2000
and same for next year ..
..... 2000
hence, Sandeep will get 4000+25000
=29000...
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