Math, asked by krriah47, 4 months ago

Calculate the amount and the compound interest when 2000 is lent for 2 years at the rate of 10% p.a. ( ans: ₹2420, ₹420 )​

Answers

Answered by Anonymous
7

QUESTION:

Calculate the amount and the compound interest when 2000 is lent for 2 years at the rate of 10% p.a.

SOLUTION:

AMOUNT

Principal = 2000

Rate = 10%p.a.

Time = 2years

Amount = p × (1 + r/100)^t

= 2000 × (1 + 10/100)²

= 2000 × (1 + 1/10)²

= 2000 × (10+1/10)²

= 2000 × (11/10)²

= 2000 × 121/100

= 121 × 20

= 2420

ANSWER:

AMOUNT

2420

COMPOUND INTEREST

420

Answered by rs07122013
6

Step-by-step explanation:

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