Question

an interest of rs 2000 is given On a fixed amount at the rate of 10%per annum simple interest in two years if you get annual compound interest on the same amount what will the effective rate of interest

guys answer it plz​

Answer 1

Answer:

for simple intrest

p×r×t/100

p=2000

r=10

t=2

2000×10×2/100

400

for compound intrest

p(100+r/100)^t

2000(100+10/100)^2

2×110×11

2420

so intrest is 2420-2000

420

and difference is ci-si

20

getting bore messege me pls

Answer 2

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Here's your answer ⏎

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