Question

calculate the amount and compound interest if principal=4000 ,time= 2yrs and rate =5 percent ​

Answer 1

Step-by-step explanation:

Principal=₹4000

Time= 2 years

Rate=5% p.a.

AMOUNT = ₹[P(1+R/T)^n]

=₹[4000(1+5/100)^2]

=₹[4000(105/100)^2]

=₹[4000×105/100×105/100]

=₹[4000×21/20×21/20]

=₹[10×21×21]

=₹4410

C.I.= ₹[Amount - Principal]

=₹[4410 - 4000]

=₹410