Question

vishal deposited Rs25000 in the bank at rate of 2p.c.p.a for Two years how much money will he get after maturity
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Answer 1

Answer:

P=25000

R=2%

T=2 YEARS

$si = \frac{ptr}{100} \\ = \frac{25000 \times 2 \times 2}{100} \\ = 1000$

Amount=P +Si

=25000+1000 = 26000