NCERT Figure it Out 4 - Q1 - Fractions in Disguise
Question: Bank of Yahapur offers 10% p.a. Compare the amount if Rs 20,000 is deposited for 2 years with compounding annually vs without compounding.
Answer: Without: Rs 24,000. With compounding: Rs 24,200. Compounding gives Rs 200 more.
Full step-by-step NCERT solution with diagrams on Something by Zero.