Find the amount of Rs. 6000 lent at 5% per
annum for 2 years if the interest is
compounded annually.
Answers
Answered by
2
answer is 6615
explanation :
the formula used in here is
A= P(1+R/100)^n
put the value of principal rate and n is time
you will get your answer...
thank you have a nice day...
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Answered by
6
Answer:
First find the SI
Si = prt/100
= 6000× 5%×2years
________________
100
= 60 ×5×2
= 600
Find the amount = principal + si
= 6000 +600
= 6600 rupees answer
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