rs 200 was got as intrest from a bank for 2 years at the rate 5%. compute the compound intrest for the same principle 2 years at the same rate of inttest
Answers
Answered by
2
Answer:
- SI = Rs. 200
- Time = 2 years
- Rate = 5%
• According to the Question :
Simple Interest for each year = Rs. 200/2 = Rs. 100
•________•________•
⠀ Rs. 100⠀⠀ Rs. 100
⠀⠀⠀⠀⠀⠀⠀Rs. 100 × 5/100 = Rs. 5
- As SI & CI of first year remains same.
⇒ CI = Rs. 100 + Rs. 100 + Rs. 5
⇒ CI = Rs. 205
Similar questions
Math,
2 months ago
Physics,
2 months ago
Math,
4 months ago
India Languages,
4 months ago
Math,
10 months ago
Computer Science,
10 months ago
Science,
10 months ago