p = ₹2000 , r = 5 ( pcpa) n=2 find the amount (by consending cmpung itrest
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Answer: ₹2205
Step-by-step explanation:
Formula to find Compound interest = P(1 +r/100)^n
Now putting the value of following
2000(1 + 5/100)^2
2000(105/100)^2
2000 x 105/100 x 105/100
105 x 105/5
So, 105 x 21
= ₹ 2205
And interest = 2205 - 2000
= ₹205
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