Question

the simple interest at 5 % got for the certain principal after 2 years is 1200 rupees if interest is compounded annually what would be the interest for the same principal at the same rate of interest after 2 years​

Answer 1

Answer:

P=100∗I/N∗R=100∗200/2∗5=Rs.2000

C.I=2000(1+5100)2−2000

C.I=2000(441−400400)=Rs.205