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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 ?

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 ? Correct Answer 726

Principal, p = Tk. 600Rate of interest, r = 10%Time, n = 2 yearsPrincipal with interest, c =?We know that, c = p(1+r)n   = 600(1+10%)2   = 726 

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