Find the amount if principal is ₹4000, in 2 years and rate of interest is 5%
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Answered by
0
Answer:
Step-by-step explanation:
Compounded annually, Compound Interest will be Rs. 410 1st year will fetch you RS. 200 in interest on Principal of RS. 4000 For 2nd year your principal will ...
Answered by
1
Answer:
Amount (SI) = 4400, Amount (CI) = 4410
Step-by-step explanation:
Simple Interest = 4000*2*5/100
= 40000/100
= 400
Amount (SI) = 4000 + 400 = 4400
Compound Interest = 4000( 1 + 5/100) raised to 2
= 4000 ( 20/20 + 1/20) raised to 2
= 4000 * 21/20 * 21/20
Do cancellation
= 10 * 21 * 21
= 4410
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