Step-by-step explanation: Given Principle: Rs3500, Rate= 20%.p.a and Time : 2 years To find : Compound interest P: Rs3500, R= 20%p.a , T= 2years Amount = P (1+20/100)2 A = 3500(1+20/100)2 = 3500 (1+1/5)2 =3500(6/5)2 = 3500×6/5×6/5 = 5040 Now.C.I = A-P = 5040-3500 = rs1540 Hence the compound interest is rs 1540 Reply
Answer:
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Step-by-step explanation:
Given Principle: Rs3500, Rate= 20%.p.a and Time : 2 years
To find : Compound interest
P: Rs3500, R= 20%p.a , T= 2years
Amount = P (1+20/100)2
A = 3500(1+20/100)2
= 3500 (1+1/5)2
=3500(6/5)2
= 3500×6/5×6/5
= 5040
Now.C.I = A-P
= 5040-3500
= rs1540
Hence the compound interest is rs 1540