Question

calculate the amount and the compound interest using the formula . step by step

(I) principal= Rs 2000,annual rate of interest= 5% and time= 2 years

(II) principal = Rs 200000, time= 2 years and annual rate of interest= 5%
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Answer 1

Answer:

1.amount in 1st case will be ₹2205

and compound interest will be ₹2205-₹2000=₹205

2. amount in 2nd case will be ₹220500

so that C. I. will be ₹20,500

Step-by-step explanation:

see above attachment

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