Question

Find the amount and the compound interest on 2000 at 10% p.a. for 2 years, compounded annually

please don't use P (1+ R/100) formula​

Answer 1

Answer:

P=Rs 2000

R=10%

T=2

1/2

years =

2

5

years.

A=P(1+

100

R

)

T

=2000(1+

100

10

)

5/2

=2000(

10

11

)

5/2

=2538.1

≃ 2538

C.I=A−P

=2538−2000

=538.

Hence Amount =Rs 2538

C.I=Rs 538