Question

what will be at compound interest rs 4732 in 2 year at 4% per annum???

Answer 1

Amount = p(1+r/100)^n years
4732(1+4/100)^2 years .
4732(26/25)^2 years
4732x 26/25x 26/25
4732÷26=189.28÷26= 7.5712x25x25= 5118.1312
CI= A-P
5118.1312-4732
= 386.1312