Question

Vikas opened a savings bank account on 10th of January 2013 with a deposit of 1,00,250. He closed the account after 2 years without any transactions. If the bank paid 6% interest per annum, what amount did he receive at the end of 2 years?

SUB : MATHS

TOPIC : SIMPLE INTEREST

CLASS : 8TH

ANSWER IN SEQUENCE PLEASE & RIGHT...

IN CORRECT FORMULA..

PLEASE HELP ME... ​

Answer 1

112280

Step-by-step explanation:

total interest of 2 yrs = 2×6 = 12% = 3/25

amount he received = 28/25 * 100250

=Rs 112280

Answer 2

Answer:

P(1+R/100)²

₹100250(1+6/100)²

₹100250(1.06)(1.06)

₹112640.9