Question

Find the compoud interest on Rs 4,000 for 2 years at 10% per annum compounded annually. ​

Answer 1

Answer:

Rupees 4840

Step-by-step explanation:

P=4000,r=10%,n=2years.

On Calculation A we get,

A=P(1+r100)n⇒A=4000(1+10100)2⇒

A=P(1+ Hence the amount after 2 years will be 4840 and it'll only work as the principal amount for simple interest.

Answer 2

Answer:

PRT /100

4000 ×10×2/100

40 ×20

= Rs 800

thus the answer is Rs 800