Question

find amount P=R52000 Rate = 5p.c.p.a N= 2 years​

Answer 1

Answer:

For the first year, P=Rs.2000,R=5%

so, I =  

100

P×R×T

​  

=  

100

Rs.2100×5×1

​  

=Rs.105

The amount after the second year =Rs.2100+Rs.105

=Rs.2205

Final amount =Rs.2205

Hence, Compound Interest = final amount - original amount  

=Rs.2205−Rs.2000=Rs.205