Question

Tapan deposited 20000 in a bank which pays 10.2% p.a. simple interest. He deposited 10000 at the end of first year. What will be his balance after 4 years​

Answer 1

Answer:

33060

Step-by-step explanation:

Answer 2

Answer:

interest on first year 20000*10.2/100

2040

amount at the end of first year 22040+10000

32040

interest or this year 3060

amount at the end of second year 32040+3060

35100

amount at the end of third year 35100+3060

38160

amount at the end of fourt year 38160+3060

41220