Question

What will be the compound interest on Rs. 4000 in two years when rate of interest is 5% per annum?​

Answer 1

Answer:

Your right answer = Rs. 410

Step-by-step explanation:

Given details are,

Principal (p) = Rs 4000

Rate (r) = 5%

Time = 2years

By using the formula,

A = P (1 + R/100) n

= 4000 (1 + 5/100)2

= 4000 (105/100)2

= Rs 4410

∴ Compound Interest = A – P = Rs 4410 – Rs 4000 = Rs 410

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Answer 2

Step-by-step explanation:

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