Question

Find the amount and compound interest on ₹24000 for 2 years at 5% p.a

compounded annually.​

Answer 1

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hello...!

» 24000 = 5% of 2x

» 24000 = (5/100)(2x)

» 24000 = 10x/100

» 24000 = x/10

» x = 2,40,000…✔

....#thankà❤

Answer 2

p = ₹ 24000

R = 5 pcpa

N = 2 yr

A = ?

C.I. = ?

A = p(1 + R /100 ) 2 (sq.)

= 24000(1+ 5/100)2 (sq)

= 24000(105/100)2 (sq)

= 24000× (21/20) 2 (sq)

= 24000 × 441/400

A = 26460 ₹

C.I.= P + A

= 24000+26460

C.I. =50460₹