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Get Answers to all your Questions
Find the compound interest earned on Rs.20000 for 2 years at 10% p.a. the interest being compounded annually.
Option: 1
Rs.2100
Option: 2
Rs.4200
Option: 3
Rs.6300
Option: 4
Rs.5600
Answers (1)
P = 20000
T = 2 years
R = 10 %
C.I = P (1 + R/100) T -P
= 2000 [1+ 10/100]2 – P
24200 – 20000
= 4200
View full answer
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