Question

calculate the compound interest and the amount on:I)Rs 2400 for 2 years at 5%p.a.
ii)Rs 2000 for 2 years at 13/2%
plz answer soon

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Answer 1

Answer:

Given:

P = Rs 2400

R = 20 % p. a

n = 3 years

We know that amount A at the end of n years at the rate R% per annum when the interest is compounded annually is given by