tharun makes a deposit of rs.200000 in a bank for five years if the rate of interest is 8% per annum. find the value
Answers
Answered by
4
Sum deposited (P) = Rs 200000
Time taken (T) = 5 years
Rate of interest (R) = 8 %
Interest = P*T*R/100 = 200000*5*8/100 = Rs 80000
Amount = Interest + sum deposited = Rs 280000
Time taken (T) = 5 years
Rate of interest (R) = 8 %
Interest = P*T*R/100 = 200000*5*8/100 = Rs 80000
Amount = Interest + sum deposited = Rs 280000
Similar questions