find the compound interest on ₹2000 for 1 year at 5% p.a. interest being compounded annually
Answers
Answered by
1
CI =P[ [1+r/100]^n -1]
so answer =100
Answered by
0
Answer:
Rs 100
Step-by-step explanation:
Given:-
P = Rs 2000
N = 1 year
R = 5 p.c.p.a
C.I = Amount - Principal
Amount = P × [1 + R/100] ¹
= 2000 × [1+5/100] ¹
= 2000 × [100/100 + 5/100] ¹
= 2000 × [105/100] ¹
= 2000 × 21/20. (105 and 100 are divisible by 5)
= 2100
C.I = 2100 - 2000
= Rs 100
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