Question

Find the compound interest on rupees 2000 for 2 years at 15,%per annum compounded annually

Answer 1

this is the answer, hope it helps u , all the best.

Answer 2

645 Rs compound interest on rupees 2000 for 2 years at 15,%per annum compounded annually

Step-by-step explanation:

Principle = Rs 2000 = P

Interest rate = 15% per annum = R

Time = 2 Years = n

Amount = P ( 1 + R/100)ⁿ

=> Amount = 2000 ( 1 + 15/100)²

=> Amount = 2000 *  1.15²

=>  Amount = 2,645

Compound Interest = Amount - Principle

= 2645 - 2000

= 645 Rs

645 Rs is the compound interest on rupees 2000 for 2 years at 15,%per annum compounded annually

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