find the amount on a sum of 2000 for 2 year when interest compounded annually at 10% p. a
if you don't know this answers plz skip do not write incorrect answer
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find the amount on a sum of 2000 for 2 year when interest compounded annually at 10% p. a
if you don't know this answers plz skip do not write incorrect answer
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compound interest= P×(1+R/100)t
= 2000×(1+10/100)2
= 2000×(11/10)2
= 2000×11/10×11/10
= Rs 2420
Amount = Intrest - Principal
= 2420-2000
= Rs 420