Delhi Police Constable Exam Model Paper 9

Person deposit in a bank every year = Rs. 5000
R = 10%
Time = 2 years
Formula:
A = $\mathit{P}{\left(1+\frac{\mathit{r}}{100}\right)}^{\mathit{t}}$
Calculation:
Total money received = Amount 5000 with 1 year interest and amount 5000 with 2 years interest
The bank pays him after 2 years $=5000\times {\left(1+\frac{10}{100}\right)}^2+5000\times \left(1+\frac{10}{100}\right)$
The bank pays him after 2 years $=5000\times \left(\frac{121}{100}\right)+5000\times \left(\frac{11}{10}\right)=6050+5500=11550$