The compound interest (In ₹) on ₹ 2000 at 5 % | vedclass

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Question

(c) Here, $P=2000, R=5$ and $t=2$

$	herefore \quad CI =P\left[\left(1+\frac{R}{100}ight)^{t}-1ight]$

$=2000\left[\left(\frac{21}{20}ight)

Vedclass · Accepted Answer

$205$

Vedclass · Answer

(c) Here, $P=2000, R=5$ and $t=2$

$	herefore \quad CI =P\left[\left(1+\frac{R}{100}ight)^{t}-1ight]$

$=2000\left[\left(\frac{21}{20}ight)^{2}-1ight]=2000\left[\left(\frac{21}{20}ight)^{2}-1ight]$

$=2000\left(\frac{441}{400}-1ight)=2000 	imes \frac{41}{400}=₹ 205$

The compound interest (In ₹) on ₹ $2000$ at $5 \%$ per annum, compounded yearly, for $2$ years is

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