Math, asked by pravassuryadevara, 7 months ago

Describe and correct the error in finding the balance of a savings account with interest compounded annually see the image for more

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Answered by Bipasa5
1

Answer:

Balance = p(1+r/100)ⁿ

= ₹ 2000(1+4/100)²

= ₹ 2000 × 26/25 × 26/25

= ₹ 2163.20

Compound Interest = ₹ 2163.20 - ₹ 2000

= ₹ 163.20

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