Question

find the compound interest on rupees 155000 invested at 4% per annum compounded annually for 2 years


please answer the question fast​

Answer 1

Answer: 167648 rupees

Step-by-step explanation:

100+4=104/100 = 1.04 (multiplier)

155000 x (1.04)^2 = 167648

Answer 2

Step-by-step explanation:

Amount = P (1 + R ) ^ n

100

A = 155000 ( 1+ 4 ) ^2

100

A = 155000 × ( 26 ) ^ 2

25

A = 155000 × 26 × 26

25 25

A = 155000 × 676

625

A = 104,780,000

625

A = 167,648

Therefore the amount will be ₹ 167648