Question

c.i. on rs. 2000 at 5%p.a. compounded 2 years is​

Answer 1

Answer:

Rs.205

Step-by-step explanation:

Principal (P) = Rs.2000

Rate (R) = 5% p.a.

Time (T) = 2 years

Amount (A) = P (1 + R/100)^T

A = 2000 (1 + 5/100)^2

A = 2000 (21/20)^2

A = 2000 × 21/20 × 21/20

A = Rs.2205

C.I. = A - P = Rs.(2205-2000) = Rs.205