1.

Bala opened a fixed deposit account for 2 yearby making a deposite of Rs 12000 .The rate of interest was 20% per annum interest being comounded annually find the total interst paid by the bank (inRs )

Answer»

4800
5280
5760
6240

Solution :MATURITY amount (in Rs) =12000`(1+((20)/(100)^(2))`
`=12000)(1.2)^(2)=12000(1.44)=17.280`
Total INTEREST (in Rs) =17280-12000=5280


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