Find the compound interest for the principal of Rs. 2000 and the rate of interest

5 p.c.p.a. for the period of 2 years.

2 thoughts on “Find the compound interest for the principal of Rs. 2000 and the rate of interest<br /><br />5 p.c.p.a. for the period of 2 years.”

1. Answer:

   your answer is in image

   Step-by-step explanation:

   hope it helps

   Reply

2. For the first year, P=Rs.2000,R=5%

   so, I = 100

   P×R×T = 100

   Rs.2100×5×1

   =Rs.105

   The amount after the second year =2100+105

   =Rs.2205

   Final amount =Rs.2205

   Hence,

   Compound Interest = final amount – original amount

   =Rs.2205−Rs.2000=Rs.205

   Reply