Question

What sum will amount to Rs 7056 after 2year at a compound interest of 5%p.a.

Answer 1

Answer:

Rs 7779.24

Step-by-step explanation:

After 1 year = 7056 + 5% of 7056

= 7056 + 352.8

= 7408.8

After 2 year = 7408.8 + 5% of 7408.8

= 7408.8 + 370.44

= 7779.24