Question

calculate the amount if 400 rs is invested on compound intrest at the rate of 5 % per anum for 2 years ??​

Answer 1

Answer:

$first \: year \\ 400 \: + \: \frac{400 \times 5 \times 1}{100} = 420 \\ second \: year \\ 420 \: + \: \frac{420 \times 5 \times 1}{100} = 441 \\ thus \: the \: amount \: is \: 441$