find the amount in the compound intrest principal2000 rate 5 duration years 2
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Answer:rs 2205
Step-by-step explanation:
A=p(1+r/100)^t
A=2000(105/100)^2
2000*441/400
Rs 2205
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Answered by
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Answer:
Solution :-
Given :
Principal = p = ₹2000
Rate = r = 5% ,
Time = t = 2 years
Find the Amount (A) :-
A = p(1 + r)^t
A = 2000(1 + 5%)²
A = 2000(1 + 0.05 )²
A = 2000(1.05)²
A = 2000 × 1.1025
A = 2205
Find the compound interest (C.I) :-
C.I = A - p
C.I = 2205 - 2000
C.I = 205
Hence,
Amount = ₹ 2205
Compound Interest = ₹ 205
Step-by-step explanation
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