Question

Find the compound interest when:
(a) principal = * 2000, rate = 5% p.a. compounded
annually and time
2 years.
​

Answer 1

Step-by-step explanation:

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Answer 2

☆Given Question:-

Find the compound interest when:

(a) principal = * 2000, rate = 5% p.a. compounded  annually and time  2 years.

☆Required Answer:-

The compound interest is Rupees 205.

☆Explaination:-

➭Principal:- Rupees 2000

➭Rate of interest:- 5% p.a.

➭Time:- 2 years

➭Compound interest compounded annually

➭For the first year, P:- Rupees. 2000, R:- 5%

➭By applying all values we get:-

➭Amount for the first year is Rupees 105.

➭Amount for the second year:-

So, amount for the second year is Rupees 2205.

✦Final Amount= Rupees 2250

➭Formula:- Final Amount- Original Amount

So, the compound interest is Rupees 205.

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