

InterviewSolution
Saved Bookmarks
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 `=12000)(1.2)^(2)=12000(1.44)=17.280` Total INTEREST (in Rs) =17280-12000=5280 |
|