Question

PH-
2
Find the
interest
compound
for 2
years
10% p.a, if
the interest
compounded yearly
at
on
Z
4000
is​

Answer 1

Answer:

Soln,

Principle = 24000

Rate = 10per

time = 2 yr

we know,

CI = P{(1 + R/100)^2 - 1}

= 24000 {(1 + 10/100)^2 - 1}

= 24000×21/100

= Rs.5040