Question

find the amount for a sum of rupees 20,000 for 2 years at a rate of 5% compounded annuall​

Answer 1

Answer:

22050

Step-by-step explanation:

P=20000

R=5%

T=2years

A= p(1+R/100)n

20000(1+5/100)²

20000(21/20)²

20000×21/20×21/20

22050

Answer 2

Answer:

Principal =₹ 20000

time=2 years

rate=5%per annum

Amount= ₹20000(1+5/100)^2

=₹ 20000*1.05^2

=₹22050

Ans hence the amount is ₹22050.