Question

Find the compound interest and amount on rupees 2400 for 2 years at 5% p a

Answer 1

Answer:

c.p=2400

time=2 years

interest =5℅

Amount=p[1+R/100]^

=2400[1+5/100]^2

=2400[1+1/20]^2

=2400[(21/20) (21/20)]

=2400×21÷20×21÷20

=6×21×21

=2646

so cC.I=A -P

=2646-2400

C.I=rupees246.