Question
Neena invested Rs.15000 in a fixed deposit scheme for 2
yrs at CI of 9% p.a. How much will Neena get on maturity of the fixed deposit?ÂSolution
A = P[1+ R/100]t A = 15000[1+ 9/100]2 A = 15000 [ 109/100]2 A = 15000 × 109/100 × 109/100 = Rs.17821.5
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