Question

Paras takes a loan of 20,000 at a compound interest rate of 5% per annum (p.a.)

(i) Find the compound interest after one year.

(ii) Find the compound interest for two years.

(iii) Find the sum of money required to clean the debt at the end of two years.

(iv) Find the difference between the compound interest and the simple interest
same rate for two years.​

Answer 1

Answer:

ii answer is correct

Step-by-step explanation:

please mark as brainleast

Answer 2

2nd is the correct option of this answer.