Question

Find the amount if Rs 2000 is
invested for 2 years at 4% per
annum compounded annually.
*​

Answer 1

Step-by-step explanation:

principal amount=p= 2000 rupees

time =t= 2 yrs

rate percent=r= 4%

interest= I = p×t×r

100

=(2000×2×4)/100

=160 rupees

amount total= p+I

=2000+160

=2160 rupees

Hope it helps friend.

Answer 2

Given :

• Principal (P) = Rs. 2000
• Rate of Interest (r) = 4%
• Time (n) = 2 years .

To Find :

• Amount

Solution :

For Amount :

Using Formula :

$\longmapsto\tt\boxed{Amount=P\bigg(1+\dfrac{r}{100}\bigg)^{n}}$

Putting Values :

$\longmapsto\tt{2000\bigg(\dfrac{1}{1}+\dfrac{{\cancel{4}}}{{\cancel{100}}}\bigg)^{2}}$

$\longmapsto\tt{2000\bigg(\dfrac{1}{1}+\dfrac{1}{25}\bigg)^{2}}$

$\longmapsto\tt{2000\bigg(\dfrac{25+1}{25}\bigg)^{2}}$

$\longmapsto\tt{2000\bigg(\dfrac{26}{25}\bigg)^{2}}$

$\longmapsto\tt{{\cancel{2000}}\bigg(\dfrac{676}{{\cancel{625}}}\bigg)}$

$\longmapsto\tt{3.2\times{676}}$

$\longmapsto\tt\bf{Rs.2163.2}$

So , The Amount will be Rs. 2163.2 ...