Math, asked by sathanaramachandiran, 8 months ago

Find CI on Rs. 2000 at 5% p.a, compounded yearly for 2 years​

Answers

Answered by Avi10438
3

Step-by-step explanation

For the first year, P=Rs.2000,R=5%so, I = 100P×R×T = 100Rs.2100×5×1 =Rs.105The amount after the second year =Rs.2100+Rs.105=Rs.2205Final amount =Rs.2205Hence, Compound Interest = final amount - original amount =Rs.2205−Rs.2000=Rs.205

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