Sandeep deposited 25000 rupees in bank which pays 8% interest compounded annually. How much would he get back after two years ?
Answers
Answered by
1
Answer:
First, convert R as a percent to r as a decimal
r = R/100
r = 8/100
r = 0.08 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 25,000.00(1 + 0.08/1)(1)(2)
A = 25,000.00(1 + 0.08)(2)
A = 29,160.00
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $25,000.00 at a rate of 8% per year compounded 1 times per year over 2 years is $29,160.00.
Step-by-step explanation:
please give thanks and 5 rank and Brilliant
హలో
my snap ch@t ld nareshhere2021
Attachments:
Answered by
1
Answer:
2000
Step-by-step explanation:
the answer is 2000 25000%8
Similar questions