Question

find amount on sum of rs.2000, for two years when intrest is compounded annually at 10%annum. Tell in steps.​

Answer 1

Answer:

formula is a=p(1+r/100)^n (p=2000, r=10, n=2)

a= 2000(1+10/100)^2

2000(100+10/100)^2. (LCM taken)

2000(110/100)^2

2000( 1.1)^2

2000*1.21

=2420 is the final sum