The simple interest accured on an amount of rupees 20000/- at the end of 2 years is rupees 4000/-. what would be the compound interest accured on the same amount at the same wave the same period? (compound interest compound annually)

Question

Shagun Saxena · Accepted Answer

SI=P×R×T/100
4000=20000×R×2/100
solving this we get r =10%
now putting it in ci formula
we get 4200

Anshul Darra · Answer

Welcome to Adda

Verify Phone Number using

Verify Phone Number

Welcome to Adda

Trending

The simple interest accured on an amount of rupees 20000/- at the end of 2 years is rupees 4000/-. what would be the compound interest accured on the same amount at the same wave the same period? (compound interest compound annually)