Question

Sandeep deposited 25000 rupees in a bank which place 8 % interest compounded annually how much would he get back after 2 years​

Answer 1

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

Answer 2

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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