Yasmeen deposited rupees 20000 in a bank at the rate of interest 10% compounded yearly how much amount will she get after 3 years
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Answer:
intrest= 6620
total amount= 26620
Step-by-step explanation:
intrest in 1st year = 20000×10/100= 2000
Amount for second year =20000+2000=22000
intrest in 2nd year= 22000×10/100=2200
Amount for third year =22000+ 2200= 24200
intrest in third year = 24200×10/100= 2420
Total intrest = 2000+ 2200+ 2420= 6620
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