Find the amount to be paid at end of 2 years on Rs 2,400 at 5℅ per annum compounded annually.
Answers
Answered by
10
A= P(1-R/100)^n
A=2400(1-5/100)^2
A=2400(1-1/20)^2
A=2400(19/20)(19/20)
(On solving)
A=6*19*19
A=Rs.2166
A=2400(1-5/100)^2
A=2400(1-1/20)^2
A=2400(19/20)(19/20)
(On solving)
A=6*19*19
A=Rs.2166
Similar questions