Question

(Ahamed invested an amount of S2000 at the rate of 5% per annum for 2 years. Find the compound interest when interest is compounded annually.​

Answer 1

`First,\:convert\:R\:as\:a\:percent\:to\:r\:as\:a\:decimal\\r = R/100\\r = 5/100\\r = 0.05\: rate\: per\: year\\\\Then\:solve\:the\:equation\:for\:A\\A = P(1 + r/n)nt\\A = 2,000.00(1 + 0.05/1)x^(1,2) \\A = 2,000.00(1 + 0.05)x^(2) \\A = $2,205.00\\A = $2,205.00\\\\A = P + I\:where\\P\: (principal) = $2,000.00\\I\: (interest) = $205.00\\\\Answer= $205.00`

Answer 2

205

Explanation:

`2000*\left(\left(5+1)^2-1)\right.\right.`

Evaluate the equation/expression:

205

I hope this helps you

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