Find the amount for a sum of Rs. 20000, for
2 years when rate of interest is 10% p.a,
compounded annually.
Answers
Answered by
0
Answer:
2
Step-by-step explanation:
Answered by
4
Answer:
Amt = 24,200
Step-by-step explanation:
Principle = 20,000
Rate of interest = 10%
Time = 2 yrs
Amt = p( 1 + r/100)ⁿ
Amt = 20,000( 1 + 0.10)²
Amt = 20,000(1.1)²
Amt = 20,000 * 1.21
Amt = 24,200
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