Nikhli is a motor mechanic. He works in a workshop. He saves part of h

1.	Nikhli is a motor mechanic. He works in a workshop. He saves part of hismonthly earnings for future. In one year he saves ₹ 20000. He deposited this amount in bank for 2 years. The bank pays interest at the rate of 10% p.a compounded annually.
Answer» <P>Answer: ₹24200 Step-by-step EXPLANATION: A= P(1+R/100)^n = 20000(1+10/100)^2 = 20000110/100110/100 =2110110 =₹24200

Nikhli is a motor mechanic. He works in a workshop. He saves part of hismonthly earnings for future. In one year he saves ₹ 20000. He deposited this amount in bank for 2 years. The bank pays interest at the rate of 10% p.a compounded annually.

Answer»

<P>Answer:

₹24200

Step-by-step EXPLANATION:

A= P(1+R/100)^n

= 20000(1+10/100)^2

= 20000*110/100*110/100

=2*110*110

=₹24200

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Nikhli is a motor mechanic. He works in a workshop. He saves part of hismonthly earnings for future. In one year he saves ₹ 20000. He deposited this amount in bank for 2 years. The bank pays interest at the rate of 10% p.a compounded annually.​

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Nikhli is a motor mechanic. He works in a workshop. He saves part of hismonthly earnings for future. In one year he saves ₹ 20000. He deposited this amount in bank for 2 years. The bank pays interest at the rate of 10% p.a compounded annually.