Question

A sum of Rs 4000 is lent at the rate of 5% per annum. Find the interest at the end of 24 months​

Answer 1

Answer:

Step-by-step explanation:

if it is simple  interest I=PxRxT/100 (24 months =2years )

=4000x5x2/100

40x5x2=200x2

=400rs interest  

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now compound interest

A=P x $(1+R/100)^{T}$

=4000x(105/100²)

=4000x11025/10000

=4x1102.5

=4410rs

I =A-P

4410-4000

=410rs

thx have a nice day