pankaj deposite RS 1,50,ooo in the bank at 10 p.c.p.a for two year wha

1.	pankaj deposite RS 1,50,ooo in the bank at 10 p.c.p.a for two year what total amount will he get from the bank at the end of the period ?
Answer» Step-by-step explanation: Principal = 150000 rate = 10% Time = 2 years compound INTEREST = P ( 1 + R ) n = 150000 ( 1 + 10 ) 2 _ __ 1 100 = 150000 ( 1 + 1 ) n _ __ 1 10 = 150000 × 11 × 11 ___ __ 10 10 amount after TWO years = 181500₹

pankaj deposite RS 1,50,ooo in the bank at 10 p.c.p.a for two year what total amount will he get from the bank at the end of the period ?

Answer»

Step-by-step explanation:

Principal = 150000

rate = 10%

Time = 2 years

compound INTEREST = P ( 1 + R ) n

= 150000 ( 1 + 10 ) 2

_ __

1 100

= 150000 ( 1 + 1 ) n

_ __

1 10

= 150000 × 11 × 11

___ __

10 10

amount after TWO years = 181500₹