find the compound interest if principal is 2000 rate per annum 20% number of years 2.
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Answer:
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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