Question

EXE
Calculate the amount and compound annualy
(i) Rs 4000 for 2 years at 10% p.a.​

Answer 1

Step-by-step explanation:

your correct answer is 4840

Answer 2

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$\huge \sf\bf {Given \downarrow}$

Principal = ₹4000

Rate = 10% per annum

Years = 2 years

$\huge \sf\bf {Find \downarrow}$

$\bf{Amount \: = \: ?}$

$\huge \sf\bf {Solution \downarrow}$

$\bf {Simple \: interest \: = \frac{Principal \: × \: rate \: × \: years}{100} }$

$\bf \frac{(4000 \: \times \: 10 \: \times \: 2)}{100}$

$\bf \frac{ \cancel{80000} \: ^{800} } { \cancel{100}\: ^{1} }$

$\bf \therefore{Simple \: interest \: = \: ₹800}$

$\bf{Amount \: = \: Principal \: + \: Simple \: interest}</p><p> \\ \bf {= \: 4000 \: + \: 800} \\ </p><p> \bf{= \: ₹1200000 }$

$\bf \therefore{ Amount \: = \: ₹1200000}$

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