Question

If the compound interest paid for rupees 4000 is rupees 420 then find the

amount paid at the end of the time period​

Answer 1

`Amount = Rs4420`

Explanation:

Given

`Principal = Rs4000`

`Interest = Rs420`

Required

Determine the amount paid

This is calculated as:

`Amount = Principal + Interest`

`Amount = Rs4000 + Rs420`

`Amount = Rs4420`