Question

what will be the amount if rs.2000 is for 2 years at 4%p.a compounded annually​

Answer 1

20,000 for 2 years at 20% p. a., interest being compounded annually. 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.

Answer 2

Answer:

20,000 for 2 years at 20% p. a., interest being compounded annually. 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.