Question

the simple interest at 5 % got for a certain amount after 2 years is 200 rupees if interest is compounded annually what would be the interest for same amount at the same rate after 2 years

Answer 1

answer can be 2000 or 4000

Answer 2

Rate of interest =5%

Certain amount after 2 years =200 rupees

First years interest =100 rupees

5% of 100 rupee =5 rs

Compound interest of 2 years

=100+(100+5)

=100+105

=205 rupees

Hope it help you

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