Question

e compound interest
4. Find the compound interest, correct to the
nearest rupee, on 2.400 for 2 years at
5 percent per annum without formula.
.​

Answer 1

Answer:

2.88 rupee

Step-by-step explanation:

2.400*5/100*24=2.88 rupee

Answer 2

Answer:

compound interest = Rs. 246

Step-by-step explanation:

A=P(1+R÷100)^n

=>2400( 1+5÷100)^2

=>2400(105÷100)^2

=> 2400(21÷20)^2

=>2400×21/20×21/20

=>A= 2646

Compound interest= Amount- Principle

= 2646- 2400

= 246

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