Question

Find the amount if Principal ₹400 rate 5% time 2 years compound interest

Answer 1

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Answer 2

principal = ₹400

rate = 5%

time = 2 years

amount = p( 1 + r%)ⁿ

$p(1 + \frac{r}{100} ) {}^{n}$

$400(1 + \frac{5}{100} ) {}^{2}$

$400 (\frac{105}{100})( \frac{105}{100} )$

$\frac{4 \times 105 \times 105}{100}$

$441$

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