Question

Find compound interest on ₹40000 for 2 years at 5% per annum
compounded annually.​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

amount be x

amount = P ( 1 + r/ 100 ) power n

x = 40000 ( 1 5 / 100 ) 2 power

x = 40000 ( 100 + 5 \ 100 ) 2 power

x = 40000 ( 5 ) 2 power

x = 200000 2 power

x = 4 0000000000

compound interest

compound interest = amount - principal

= 40000000000 - 40000

=