4) Find the amount when P = Rs. 2000. R=5 p.c.p.a
N=2 years compounded annually.
Answers
Answered by
5
A= p(1+r/n)²
= 2000(1+5/100)²
= 2000(1.05)²
= 2000×1.1025
=2205.0
Similar questions