Question

find the amount when principal rs 200 rate 20% per annum and time 2yrs 3months compounded annually​

Answer 1

Answer:

Step-by-step explanation:

principle =2000

rate =20%

time =2year 3 months = 27/24=9/8

si1=prt/100 = 2000×20×1/100=400

amount=2000+400=2400

si2=2400 ×20×1=480

compound=si1+si2

=2400+480

=2880

compound interest =400+480

= 880

480 is the answer.

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