Question

compute the compound interest on 20,000 for 2years at 20% p.a ​

Answer 1

Step-by-step explanation:

20,000 for 2 years at 20% p. a., interest being compounded annually. Here, the Principal P = 20,000, number of years n = 2, rate of interest r = 20%. Therefore, Amount A=20000(1+20100)2=20000(3625) = Rs. 28,800.

Answer 2

Step-by-step explanation:

${COMPOUND\: INTEREST=}$

Using the formula,P[(1+R/100)^n-1]