Question

Find the compound interest when principal rupees 2000 and the rate is 10 % per annul compound annaulli for 2 years

Answer 1

200+220=420rupee interest. I Hope it helps you

Answer 2

Answer:

420.

Step-by-step explanation:

• Principle = 2000
• Rate  =  10%
• Time = 2 years.

Amount = P[1+r/100]ⁿ

                = 2000 [ 1 + 10/100 ]²

               = 2000 [ 11/10]²

               = 2000 x 121/100 = 2420.

CI = A - P = 2420 - 2000 = 420.

Thank u.