Question

x deposited 50000 in a bank for 2 years with the interest rate of 5.5%p.a.hoe much interest would she earns.what would be the final value of deposit​

Answer 1

Answer:

55500

Step-by-step explanation:

Simple Interest = (Principle * Rate * Time)/100

Principle = 50000

Rate = 5.5 % P.A

Time = 2 Year

now put the values in formula

Simple Interest = (50000 * 5.5 * 2)/100

Simple interest = 5500

now Add the interest in principle

we get final deposited amount after 2 year

i.e 50000 + 5500  = 55500