Shibu deposited 10000 rupees in a bank which gives 10% interest compounded annually. (a) After one year how much money would he have inn his account. (b) After one more year he withdrew 10000 rupees what is the balance amount in his account
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Answer:
A). P×R×T÷100
10000×10×1÷100=1000
B)Earlier he had 1000,and the next year he will have 2000
So 1000+2000-10000
= -7000
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