calculate the compound interest on
₹ 2400 for 2 years at 5% per annum
.
Answers
Answered by
3
Answer:
That is, the amount Rs. 2646 to be paid at the end of 2 years on Rs. 2400 at 5% per annum compounded annually. So, the correct answer is “2646”.
Step-by-step explanation:
Hope it helps you
Answered by
3
Step-by-step explanation:
compound interest
Rate per annum=5%
Principle amount = Rs.2400
No: of yrs = 2yrs
A=?
A= P(1+r/100)^n
A=2400 ( 1 + 5/100 )²
A=2400 (105/100)²
A=2400 (21/20)²
A= 2400 (21*21 / 20*20)
A= (2400*21* 21)/20*20
A=6*21*21
A=2646
Thus the amount to be paid at the end of 2yrs is Rs.2646
Hope this answer is helpful
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