Question

Find the amount and compound interest if principal=2000,R=5%,N=2years​

Answer 1

Answer:

The amount is Rs. 2205 and compound interest is Rs. 205.

Step-by-step explanation:

Given:

P = Rs. 2000

r = 5%

n = 2 years

Compute the amount as follows:

$A=P[1+\frac{r}{100}]^{n}\\=2000\times [1+\frac{5}{100}]^{2}\\=2000\times 1.05^{2}\\=2205$

Compute the compound interest as follows:

$CI=A-P=2205-2000=205$

Thus, the amount is Rs. 2205 and compound interest is Rs. 205.

Answer 2

Answer:

Step-by-step explanation:

find the amount of money if interest in 2 year with 5% annum isrs 300