Question

Find the amount and the compound interest on 2000 at 10% pa. for 2 years,
pounded annually. Solve without using formula.​

Answer 1

Answer:

Step-by-step explanation:

amount = P(1+ R/100)^n

             = 2000 ( 1 + 10/100 )^2

             = 2000 ( (100 + 10)/100)^2

              =  2000 x 110/100   x  110/100

amount  =  2420 rupees

C.I = amount - principle

     =  2420 - 2000

      = 2000 rupees