Question

4. Calculate compound on Rs 2000 for 2 years at the rate of 10% p.a. compounded annually.​

Answer 1

A=P(1+

A=P(1+ 100

A=P(1+ 100R

A=P(1+ 100R

A=P(1+ 100R )

A=P(1+ 100R ) T

A=P(1+ 100R ) T

A=P(1+ 100R ) T ⇒ A=2000×(1+

A=P(1+ 100R ) T ⇒ A=2000×(1+ 100

A=P(1+ 100R ) T ⇒ A=2000×(1+ 10010

A=P(1+ 100R ) T ⇒ A=2000×(1+ 10010

A=P(1+ 100R ) T ⇒ A=2000×(1+ 10010 )

A=P(1+ 100R ) T ⇒ A=2000×(1+ 10010 ) 2

A=P(1+ 100R ) T ⇒ A=2000×(1+ 10010 ) 2

A=P(1+ 100R ) T ⇒ A=2000×(1+ 10010 ) 2 ⇒ A=2000× 100/121

⇒ A=Rs.2420.

⇒ A=Rs.2420.∴ C.I.=A−P=Rs.2420−Rs.2000=Rs.420.