Tanishka deposited Rs. $50, 000$ in a bank for two years with the interest rate of $5.5 %$ p.a. How much interest would she earn?

6, 000

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5, 250

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55, 500

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5, 500

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Solution

The correct option is B $5, 500$
$I n t e r e s t = \frac{50000 \times 2 \times 5.5}{100} = 5500$

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Tanishka deposited Rs. 50,000 in a bank for two years with the interest rate of 5.5% p.a. How much interest would she earn?

The correct option is B 5,500Interest=50000×2×5.5100=5500

Tanishka deposited Rs. $50, 000$ in a bank for two years with the interest rate of $5.5 %$ p.a. How much interest would she earn?

The correct option is B $5, 500$
$I n t e r e s t = \frac{50000 \times 2 \times 5.5}{100} = 5500$