Question

find the amount to be paid at the end of 2yrs on Rs. 2400 at 5% per annum compounded annually​

Answer 1

$A= P \: [1 + \frac{R}{100} {]}^{n}$

$P=2400,R=5,n=2$

$A=2400 \: [1+ \frac{5}{100} {] }^{2}$

$=2400 \: [ \frac{21}{20} { ] }^{2}$

$=6×21×21$

$=Rs.2646$

Answer 2

Here is the solution.

Dont mind my handwriting, its bad in making fast answer. for previous answer.

Otherwise, its good..I will show u later.

Hope it helps.

Thanks..