maxmobergvux maxmobergvux

01-03-2021
Mathematics

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You have deposited 10,000 in an account that gives 2% interest every year. How much have you received in interest after two years?

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arulmalu arulmalu

01-03-2021

Answer:

Amount deposited(P)= 10000

Interest rate (R) = 2%

year (T) = 2

Formula

S.I=PRT / 100

S.I = 10000×2×2÷100

S.I =40000÷100

S.I =400

Step-by-step explanation:

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