SOLUTION: You have invested Rs. 20000/- in a mutual fund yielding 6% annual interest; you left the money for 2 years. How much interest and total amount do you get at the end of those two ye

SOLUTION: You have invested Rs. 20000/- in a mutual fund yielding 6% annual interest; you left the money for 2 years. How much interest and total amount do you get at the end of those two ye

Algebra.Com

Question 879949: You have invested Rs. 20000/- in a mutual fund yielding 6% annual interest; you left the money for 2 years. How much interest and total amount do you get at the end of those two years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
T = 2000(1.06)^2
Interest = T - 2000
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