Sagar made a fixed deposit of ₹ 18,000 in a bank, for two, years at 5 % per annum under compound interest. The maturity value (in ₹) is

Question

Sagar made a fixed deposit of ₹ 18,000 in a bank, for two, years at 5 % per annum under compound interest. The maturity value (in ₹) is (A)  (B)  (C)  (D)

Tardigrade Admin · Accepted Answer

Given: P=â¹ 18,000, n=2 years, R=5 % A =P(1+(R/100))2 A =18,000(1+(5/100))2 =18,000 × (21/20) × (21/20)=â¹ 19,845

Q. Sagar made a fixed deposit of $₹18, 000$ in a bank, for two, years at $5%$ per annum under compound interest. The maturity value (in ₹) is____

Given: $P = ₹18, 000, n = 2$ years, $R = 5%$
$A = P (1 + \frac{R}{100})^{2}$
$A = 18, 000 (1 + \frac{5}{100})^{2}$
$= 18, 000 \times \frac{21}{20} \times \frac{21}{20} = ₹19, 845$

Q. Sagar made a fixed deposit of ₹18,000 in a bank, for two, years at 5% per annum under compound interest. The maturity value (in ₹) is____

Given: P=₹18,000,n=2 years, R=5% A=P(1+100R​)2 A=18,000(1+1005​)2 =18,000×2021​×2021​=₹19,845

Q. Sagar made a fixed deposit of $₹18, 000$ in a bank, for two, years at $5%$ per annum under compound interest. The maturity value (in ₹) is____

Given: $P = ₹18, 000, n = 2$ years, $R = 5%$
$A = P (1 + \frac{R}{100})^{2}$
$A = 18, 000 (1 + \frac{5}{100})^{2}$
$= 18, 000 \times \frac{21}{20} \times \frac{21}{20} = ₹19, 845$