find the amount and the compound interest on 2000 at 10% per annum for 2 years compounded annually
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Answered by
4
principal (p)=2000
rate(r)=10%
year(n) =2
compound interest=p × ( 1 + r/100)×n
= 2000×(1+10/100)×2
= 2000 × ( 1+.10)×2
= 2000×(1.10)×2
= 2000× 2.20
= 4400
so compound intrest = 4400
rate(r)=10%
year(n) =2
compound interest=p × ( 1 + r/100)×n
= 2000×(1+10/100)×2
= 2000 × ( 1+.10)×2
= 2000×(1.10)×2
= 2000× 2.20
= 4400
so compound intrest = 4400
Answered by
0
Answer:y
Step-by-step explanation:
Principal 2000
Rate of interest 10%
Time 2Year
SI = P×R×T/100
SI= 2000×10×2/100
=400
Amount =Principal +SI
=2000+400
=2400
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