Question

Find the amount for Principal =Rs. 4000 , Rate =5 p. c. p. a, Duration =2 years

Answer 1

Amount = ₹ 2205 and Compound interest = ₹ 205.

=> A = P ( 1+r/100)^n

=> 2000(1+5/100)^2

=> 2000(105/100)^2

=>2000(21/20)^2

:::> 2205 rupees

=> compound interest after 2 years,

=amount - principle

=2205-2000

= 205