Question

Calculate the compound interest for the second and third year on Rs. 20,000 invested for 4 years at 10% p.a.​

Answer 1

Answer:

wse ptr/100 8000 change year and find out

Step-by-step explanation:

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Answer 2

Answer:

4620

Step-by-step explanation:

First year int. is 10% of P = 2000

2nd year int. is 10% of P + 10% of previous int. = 2000+2000/10= 2000+200=2200

3rd year is 2000 + 10% of int. on previous 2 years int. = 2000+(2000+2200)*10/100

= 2000+ (4200/10)= 2000+420=2420

Now second + 3rd = 2200+2420= 2620.