Math, asked by sadhuanuraj, 6 months ago

1) Ajay taken 20000 rupees borrowed by compound interest 10% p.a for 2 years.find total amount and compound interest?​

Answers

Answered by sejal031
3

Answer:

Given that,

P=Rs.20,000

R=8%

T=2years

As compounded annually, n=2.

Amount at the end of 2 years =P(1+

100

R

)

n

=20000(1+

100

8

)

2

=20000×

100

108

×

100

108

=Rs.23,328

Compound Interest (C.I) =23328−20000=Rs.3328

Step-by-step explanation:

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