Question

find the compound interest on rupees 3500 for 2 years when the interest is compounded annually at 20% per annum.​

Answer 1

Principal = 3500rs.

Rate = 20%

Time = 2

In compound Interest =

A= p(1+r/100)²

A = 3500(1+20/100)²

A = 3500*120/100*120/100

A= 5,040rs.

CI = A-P

CI = 5,040-3500= 1,540 R.s.

ANSWER : 1,540₹

Answer 2

Answer:

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