Find the amount and compound interest on rs2000 for 2 years at 5% per annum,
interest payable yearly.
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Answered by
12
Answer:
Rs 2205 and Rs 205
Step-by-step explanation:
Principal = Rs 2000
Time = 2 year
Rate = 5%
Amount = P [ 1 + (R/100) ]^n
= 2000 [ 1 + (5/100) ]^2
= 2000 [105/100]^2
= 2000 × 105 × 105 / 100 × 100
= 2 × 105 × 105 / 10
= 21 × 105
= 2205
Amount = Rs 2205
Compound interest = Amount - Principal
= Rs ( 2205 - 2000)
= Rs 205
Answered by
4
Answer:
ur answer is in picture hope it helps..
thanku☺
#divu✌✌
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