Question

Arun invested an amount of 20000 in a fixed deposit scheme for 2 years at compound interest rate 4 pcpa how much amount will arun get on a maternal t of the fixed deposit

Answer 1

Answer:

[P (1 + i)n] – P

Step-by-step explanation:

you can use this formula to you to take out your answer your question is Arun vested and amount of 20000 in a fixed deposit scheme for 2 years at compound interest rate for per annum how much amount will Arun get on a material of the fixed deposit is sold by the formula I have given to you

Answer 2

Answer:

Arun will get $2163.2 .

Step-by-step explanation:

Given : Arun invested an amount of 20000 in a fixed deposit scheme for 2 years at compound interest rate 4 pcpa

To Find : How much amount will arun get on a maternal of the fixed deposit

Solution:

Principal = 2000

Rate of interest = 4% = 0.04

Time = 2 years

Formula : $A=P(1+r)^t$

$A=2000(1+0.04)^2$

$A=2163.2$

Hence Arun will get $2163.2 .