Question

Find the compound interest on * 20,000 at 10% per annum for 2
years.
P=20,000, R = 10%. Time
, = 2
21
years
Amount after 2
4
R.
years = P 1 +
100
1
R
4
100
1
10
= * 20,000
9
x 10
4
100
*20,0001+
10
40
100
2
41
= 20,000
= 20,000 x
11 11
10 10
X
41
40
=*24,805
10
40
.C.I. = A-P= (24,805 - 20,000) = 4,805
2​

Answer 1

hey,.

topper it's your answer