Question

Solve the following. [3]

1) If Javed deposits 1, 50, 000 rupees in a bank at 10 p.c.pa. for two years, what is the

total amount he will get from the bank.​

Answer 1

Answer:

P = 1,50,000

R = 10%

T = 2yrs

I = (PxRxT) / 100

= (1,50,000 x 10 x 2) / 100

= (1500 x 10 x 2)

= (15000 x 2)

= 30,000

A = P + I

= 1,50,000 + 30,000

= 1,80,000

hence, total amount he will get from the bank is 1,80,000