Question

what is the amount on ₹ 20,000 for 2 years at 5% p.a compounded annually?​

Answer 1

Answer:

Answer is Rs.28,800

Step-by-step explanation:

Here, the Principal P = 20,000, number of years n = 2, rate of interest r = 20%. Therefore, Amount A=20000(1+20100)2=20000(3625) = Rs. 28,800. Compound Interest C.I.

Answer 2

Step-by-step explanation:

Rs. 20,000 is lent for 2 years at 5% compound interest. Calculate the compound interest and the amount after 2 years if the interest is compounded annually

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