Question

What will be the C.I on 4000 in 2 year when rate is 5 %

Answer 1

hello friend your answer is????

Answer 2

P=4000
R=5% p.a
T=2 year
A=P(1+R/100)^N
A=4000(1+5/100)^2
A=4000×21/20×21/20
A=4410
Compound interest=4420-4000
=420
ANS=420rs