Question

find he Cl for the data given below
Principal = 4000,
r = 5% p.a
n = 2 years interest compounded annually

Please answer correctly ASAP
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Answer 1

Answer:

Principal = 4000,

Rate of interest= 5% p.a

Number of years = 2 years interest compounded annually

Amount = P ( 1 + R/100)*N

Amount = 4000 ( 1 + 5/100)²

Amount = 4000 × 105/100 ×105/100

Amount = 4,410

Compound interest = Amount - Principal

Compound interest = 4410 - 4000

Compound interest = Rs. 410

Answer = Compound interest is Rs. 410

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