Math, asked by suruchi051, 7 months ago

if rupees 20000 is deposited for 3 years at 5% compounded annually then what will be the principal for the second year​

Answers

Answered by pratikshapawar
0

Step-by-step explanation:

ANSWER

Principal for the first year = Rs. 20,000, rate = 5%, T = 1 year.

Interest for the first year =

100

20,000×1×5

=Rs.1,000 (using simple interest formula I=

100

P×T

1

×R

).

Principal for the second year = Rs. 20,000+1,000=Rs. 21,000.

Interest for the second year =

100

21,000×5

=Rs.1,050

Amount after 2 years = Rs. 21000 + 1050 = Rs. 22,050.

Compound interest = amount - principal = Rs. 22,050 - Rs. 20,000 = Rs. 2,050.

Hence the compound interest after 2 years is Rs. 2,050.

Simple interest on Rs. 20,000 for 2 years at the rate of 5% is

I=

100

20000×2×5

=Rs.2,000.

Answered by poonambaswal272
0

Answer:

20000+5%=21000

21000+5%=22050

22050+5%=23152.5

Step-by-step explanation:

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