Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.

Question

Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
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Solution 1

Sure, here is the step by step solution:

Step 1: Identify the given values. Principal (P) = Rs. 2100 Rate of interest (r) = 5% per annum = 5/100 = 0.05 Time (t) = 2 years

Step 2: Use the formula for compound interest to calculate the amount (A) after two years. The formula for compound interest is Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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