Vikas open the savings bank account on 10th of January 2013 with the deposit of rupees 100 to 500 closed is account after 2 years without any transaction if the bank paid 6% interest per annum what amount did he receive at the end of 2 years
Answers
Answered by
0
Answer:
P1= 100
P2= 500
R = 6%
T= 2 years
I =P1RT /100
= 100×6×2/100
= 12
A = P+I
= 100 + 12
= 112
I = PRT/100
= 500×6×2 /100
= 60
A = P+I
= 500 + 60
= 560
Vikash receive money after 2 years 112 to 560
Similar questions