Question

Varun deposited rupees 50000 in a bank where interest is credited half yearly what amount did he get back after 2 years at 20% per annum​

Answer 1

Answer:

answer is

72000

intrest of 1 year =50000 ×20 ×1 divided by 100

= 60000

intrest of second year =60000 ×20×1 divided by 100 = 72000

compound interest = (72000-60000)

= 22000