Salma deposited ₹ 20, 000 with a Company at 10 % per annum compound interest for 2 years.
Calculate the amount she will get after 2 years.
Answers
Answered by
3
Answer:
Step-by-step explanation:
20000+20000*10%
=20000+2000
=22000
22000+22000*10%
=22000+2200
=24200
Answered by
3
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Step-by-step explanation:
Simple Interest = (P*R*T)/100
⇒ (20,000*10*2)/(100)
⇒ 400000/100
⇒ Rs.4000
Total Amount = 20000 + 4000
= Rs. 24000
Hence, after 2 years, salma will pay Rs. 24000 to clear the loan.
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