what sum will become ₹5408 after 2 years at 4% per annum.when the interest is compunded annuly.
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Answer:
P = 5408
T = 2 yrs
R = 4%
Step-by-step explanation:
p(1+r/100)^n where n is number of years
5408 *(104/100)^2
5408*104/100*104/100
= 5849.2928 is the required amt
CI = 5849.2928-5408 = 442.2929
shivam7989:
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