Question

If p= rs 2000,r=5% p. a, n= 2 years, then find the amount when intrest is compounded annually​

Answer 1

Answer:

Rs. 2205

Step-by-step explanation:

P = Rs. 2000

Rate = 5% p.a.

Time = 2 years

Amount = 2000(1 + 5/100)^2 = 2000 × 105/100 × 105/100 = Rs. 2205