Question

The rate of simple interest for a savings account
in a bank is 6% per annum. A person deposits
10,000 in the account. Find the amount of
interest and the total amount in his about after
two years. ​

Answer 1

Rs21200

10000rate on 6% = 600

per annum interest =600

10000+600= 10600

Rs10600 amount in bank per annum

The amount of interest and after two years= 10600+10600=Rs

21200