Question

end of 2 years on rupees 2,400 at 5% per annum compounded annually .​

Answer 1

Hope You're asking for amount

Amount = P(1+ R/100)^n

= 2400(1+ 5/100)²

= 2646

If you're asking for CI then,

CI = P[(1+ R/100)^n -1] or A-P

= Let's choose formula (A-P)

= 2646-2400

= 246

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