A man deposit Tk 600 in a bank at 10% interest compounded annually. What will be the total amount including interest at the end of the second year?

A man deposit Tk 600 in a bank at 10% interest compounded annually. What will be the total amount including interest at the end of the second year? Correct Answer 726

C=P.(1+r)n    =600(1+.1)2     =726
Bissoy MCQ

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