Question

4) Find the amount when P = Rs. 2000. R=5p.c.pa
N=2 years compounded annually.​

Answer 1

Answer:

Here, P = ₹ 2000; R = 5 % ; N = 2 years

A=P(1+R/100)N

=2000 (1+5/100)2

=2000(105/100)2

=2000(21/20)2  

=2205 Rupees

Compound Interest after 2 years,

I = Amount − Principal  

=2205−2000

=205 Rupees

Step-by-step explanation:

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