Question

find the amount to be earned at the end of 2years if a principal sum of rs 5000 is deposited at 4% rate of interest compounded annually slove in detail​

Answer 1

Answer:

Amount = ₹5400

Step-by-step explanation:

Amount = Principal+S.I

To find amount first we have to find S.I

S.I = P×R×T/100

= 5000×4×2/100

= ₹400

Amount = P + S.I

=₹5000+₹400

=₹5400

Hope this will help you