A man deposits TK. 600 in a Bank at 10% interest rate compounded annually . At the end of the second year, what will be the total amount including interest ?
Created: 7 months ago | Updated: 1 month ago
Job Solution Bangladesh Bank Bangladesh Bank - Officer(Cash) - 2011 গণিত
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Principal, p = Tk. 600

Rate of interest, r = 10%

Time, n = 2 years

Principal with interest, c =?

We know that, 

c = p(1+r)n

   = 600(1+10%)2

   = 726 

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