Question

at the and of 2 year on Rs 2;400 5/ per annum compounded annunally​

Answer 1

ANSWER: time=2 year

principal=RS 2400

rate=5%

amount=p*(1+r/100)^t

amount=2400*(1+5/100)^2

amount=2400*(100/100+5/100)^2

amount=2400*(105/100)^2

simplify 105/100=21/20

amount=2400*(21/20)^2

amount=2400*21/20*21/20

amount=2400*441/400

amount= Rs 2646

C.I=A-P

C.I=2646-2400

C.I=Rs 246

Answer 2

Answer:

principle = 2400

Rate = 5℅

Time =2

Amount= p[1+ R/100]^T

2400[1+5/100]^2

=2400×21/20 × 21/20

= 2646

C.I = A - P

= 2646 - 2400

= 246