Question

Find the compound interest when principal = `2000, interest = 5% per annum,

time = 2years.​

Answer 1

see the attachment for answer

Answer 2

Answer:

compound interest = 205

Step-by-step explanation:

we know that amount(A) = P[1-(R/100)]^t

where, P= principal= 2000; R= rate of interest= 5% ; t= time= 2 years

and, compound interest= principal-amount

amount (A)= 2000[1-(5/100)]^2

A=2205

compound interest = 2000-2205

compound interest= 205