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.
.
Answers
Answered by
0
Answer:
2.88 rupee
Step-by-step explanation:
2.400*5/100*24=2.88 rupee
Answered by
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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