Find the amount if Rs2,000 is invested for 2 years at 4% p.a. compounded annually
Answers
Answered by
0
108.16*2000/100
2163.20
ping me up if my answer is correct
Answered by
7
Answer:
Step-by-step explanation:
Principle = 2,000
Rate of interest = 4
Time = 2
Amt = p( 1 + r/100)ⁿ
Amt = 2,000( 1 + 0.04)²
Amt = 2,000(1.04)²
Amt = 2,000 * 1.0816
Amt = 2,163.20
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