Question

Find AMOUNT if principal is 400 rupees at the rate of 5% compounded annually for 2 years​

Answer 1

Answer:3566755566677777

Answer 2

Answer:

Principal, P = Rs. 400

Rate of interest, r = 5%

Number of years, n = 2

∴ Amount = P(1 + r/100)n = 400 × (1 + 5/100)2 = 400 × (21/20)2 = 400 × 441/400 = Rs. 441

Have a great day !