Q2 of 14 Page 92

Diya deposited 8000 rupees in a bank, which gives 10% interest compounded annually. After 2 years, she withdraws 5000 rupees. After one more year, how much would she have in her account?

Amount after 2 years = investment(1+

= 8000(1+())2


= 10648Rs


She withdraws 5000Rs, Now Remaining Balance= 10648-5000


= 5648Rs


After withdrawing the money, the principal money= 5648


Now, Amount After a year = 5648(1+10/100)1


(to calculate amount after a year, we can use previous formula).


= 6212.8Rs


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