Albert Invested An Amount Of Rs.8000 In A Fixed Deposit Scheme For 2

1.	Albert Invested An Amount Of Rs.8000 In A Fixed Deposit Scheme For 2 Years At Compound Interest Rate 5 P.c.p.a. How Much Amount Will Albert Get On Maturity Of The Fixed Deposit ?
Answer» AMOUNT =RS.[8000X(1+5/100)²] = Rs.[8000 X 21/20x21/20] = Rs.8820. Amount =Rs.[8000x(1+5/100)²] = Rs.[8000 x 21/20x21/20] = Rs.8820.

Albert Invested An Amount Of Rs.8000 In A Fixed Deposit Scheme For 2 Years At Compound Interest Rate 5 P.c.p.a. How Much Amount Will Albert Get On Maturity Of The Fixed Deposit ?

Answer»

AMOUNT

=RS.[8000X(1+5/100)²]

= Rs.[8000 X 21/20x21/20]

= Rs.8820.

Amount

=Rs.[8000x(1+5/100)²]

= Rs.[8000 x 21/20x21/20]

= Rs.8820.

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Albert Invested An Amount Of Rs.8000 In A Fixed Deposit Scheme For 2 Years At Compound Interest Rate 5 P.c.p.a. How Much Amount Will Albert Get On Maturity Of The Fixed Deposit ?

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