Question

What will be the compound interest on a principal of 4000 for 2 years when the rate of interest
is
?​

Answer 1

Step-by-step explanation:

REFER TO THE PICTURE.

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Answer 2

Compounded annually, Compound Interest will be Rs. 410

1st year will fetch you RS. 200 in interest on Principal of RS. 4000

For 2nd year your principal will be 4200, and interest will be 210

So total compound interest will be Rs. 410/-

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