Find the amount to be paid

1.     At the end of 2 years on Rs. 2,400 at 5% per annum compounded annually. 

Answers (1)
S Sayak

\\A_{n}=P_{1}(1+\frac{R}{100})^{n}\\ P_{1}=Rs\ 2400\\ n=2\\ R=5\\ A_{2}=2400\times (1+\frac{5}{100})^2\\ A_{2}=Rs\ 2646\\

The amount to be paid at the end of 2 years is Rs 2646

Preparation Products

Knockout NEET May 2021 (One Month)

An exhaustive E-learning program for the complete preparation of NEET..

₹ 14000/- ₹ 6999/-
Buy Now
Foundation 2021 Class 10th Maths

Master Maths with "Foundation course for class 10th" -AI Enabled Personalized Coaching -200+ Video lectures -Chapter-wise tests.

₹ 350/- ₹ 112/-
Buy Now
Knockout JEE Main April 2021 (One Month)

An exhaustive E-learning program for the complete preparation of JEE Main..

₹ 14000/- ₹ 6999/-
Buy Now
Knockout NEET May 2021

An exhaustive E-learning program for the complete preparation of NEET..

₹ 22999/- ₹ 14999/-
Buy Now
Knockout JEE Main April 2021

An exhaustive E-learning program for the complete preparation of JEE Main..

₹ 22999/- ₹ 14999/-
Buy Now
Boost your Preparation for JEE Main with our Foundation Course
 
Exams
Articles
Questions