Question

suman deposited rupees 20000 in a saving bank account. The bank pays interest at the rate of 5% annum. what amount can suman get after 2 year​

Answer 1

Answer:

RS.2050

Step-by-step explanation:

P=20000 R=5% Time=2yr

A= Px[1+R/100]raised to n

A=20000x [100+5/100]raised to 2

A=20000x [105/100]raised to 2

A=20000x 105/100 x 105/100

A=2x11025

A=22050

CI=A-P

CI=22050-20000

CI=rs.2050

HERE IS UR ANSWER