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If Rihanna deposits ₹1,500 in school's S...

If Rihanna deposits `₹`1,500 in school's Savings Bank at 9 p.c.p.a. for 2 years, what total amount will she get ?

Text Solution

Verified by Experts

Here, P =`₹`1,500, R= 9 p.c.p.a., T= 2 years, I = ?, A=?
`I= (PxxRxxT)/100`
=`(1500xx9xx2)/100`
=270
A=P+I
= 1500+270=1,770.
Rihanna will get `₹` 1,770.
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