Question

17)The compound interest on Rs
4000 invested for 2years at 10% per
annum is:​

Answer 1

Answer:

According to our question, P=4000,r=10%,n=2years. On Calculation A we get, A=P(1+r100)n⇒A=4000(1+10100)2⇒A=P(1+110)2⇒A=4000(1110)2⇒A=4000×121100⇒A=4840 Rs. Hence the amount after 2 years will be 4840 and it'll only work as the principal amount for simple interest.