what will be the compound interest on Rs 4000 in 2 year when rate of interest is 5 p.c.p.a
Answers
Answered by
4
4000 * 1 * 5 /100
=200
amount = 4200
2nd year
4200 * 1 * 5 / 100
= 210
CI = 200 +210
= 410
Answered by
4
Answer:
Step-by-step explanation:
compound interest=Amount-Principal
Amount=principal(1+r/100)^n
Given
P=4000
n=2
r=5
A=4000(1+5/100)^2
=4000(21/20)^2
=4000*441/400
=4410
Compound interest=4410-4000=410
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