Question

Find CI on Rs. 20,000 at 10% p.a. for 2 years, compounded annually.​

Answer 1

Answer:

The amount at the end of “n" years of Investing in compound interest,

A=P(1+r100)n

Here, the Principal P = 20,000, number of years n = 2, rate of interest r = 20%.

Therefore, Amount A=20000(1+20100)2=20000(3625) = Rs.28,800.

Compound Interest C.I. = Amount - Principal = 28,800 - 20,000 = Rs.8,800

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Answer 2

Answer:

Here, the Principal P = 20,000, number of years n = 2, rate of interest r = 20%. Therefore, Amount A=20000(1+20100)2=20000(3625) = Rs. 28,800. Compound Interest C.I.

Step-by-step explanation: