Question

Find the amount and compound interest on Rs. 1000 for two years at 4% p.a.​

Answer 1

Answer:

Rs. 960

Step-by-step explanation:

Per month interest = 4% ×Rs. 1000

= Rs. 40

Therefore , Total interest in 2 years = 40 × 24 months ( 2 years ) = Rs. 960

ANS. = Rs. 960

Answer 2

Answer:

Rs. 960

I hope it might help you