Question

find the compound interest on 4000 for 2 years at 5% p.a
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Answer 1

Answer:

Here's your answer!

Step-by-step explanation:

P= 4000

R= 5%

No.of years= 2 yrs.

Using Compound interest

A= P( 1+R/100)^n

A= 4000(1+5/100)²

= 4000(105/100)²

= 4000(21/20)²

= 4000 × 21/20 × 21/20

= Rs 4410

CI = A- P

= 4410-4000

= Rs. 410

Hope it helps...

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