A woman invest 2000/- at the start of each year at 5% compound interest per annum.How much will her investment be at the end of the 2nd year
Answers
hey .........here's ur answer.......
given is
principal 2000rs.
rate 5 %
time 2 years
A is P×(1+R÷100)t(sq)
2000×(1+5÷100)2
2000×105÷100×105÷100
2×105×105
22050 rs
CI is A-P
22050-2000
20050
hope it helps u.......
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The investment becomes Rs. 2205 at the end of 2nd year.
Step-by-step explanation:
Since we have given that
Sum = Rs. 2000
Rate of interest = 5%
Time = 2 years
So, Amount would be
Hence, the investment becomes Rs. 2205 at the end of 2nd year.
# learn more:
You invested $4,500 in a project which gave you a return of 13.1% the 1st year. you were quite happy, but the 2nd year wasn't as good. you lost 4.3% that year. the 3rd year was better - you made 5.9% on this investment. what was your annual average rate of return over the three years?
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