Question

B find the amount and the compound Interest
I Prinicipal 2) - 2000
Rate CP.C.P.a) = 5
years = 2​

Answer 1

Answer:

Prinicipal = 2000

Rate = 5%

Time = 2 years

For the first year,

S.I = P×R×T / 100 =  

      = 2100×5×1 / 100  

       = Rs. 105

The amount after the second year = Rs. 2100 + Rs. 105

= Rs. 2205

Final amount = Rs.2205

Hence, Compound Interest = Final amount - Original amount  

= Rs. 2205 − Rs. 2000

= Rs. 205                    

Answer 2

Answer:

Here, P = ₹ 2000; R = 5 % ; N = 2 years

A=P(1+R100)N   =2000(1+5100)2   =2000(105100)2   =2000(2120)2   =2205 Rupees∴ Compound Interest after 2 years,I = Amount − Principal  =2205−2000  =205 Rupees