Question

Sumesh deposited 10000 ruppees in a bank which
gives 5% interest compounded annually How
- much would he get after a years?​

Answer 1

Answer:

100

Step-by-step explanation: 1000

Answer 2

Answer:

Step-by-step explanation:

WE CAN ALSO SOLVE IT BY SIMPLE INTEREST SO ,

S.I=10000*5*1/100=Rs.500

HENCE AMOUNT HE WILL GET AFTER ONE YEAR IS AMOUNT

SO AMOUNT =P+I=10000+500

=10500