7The compound interest on Rs.4000 at 10% for 2nd year is Rs.

1.	7The compound interest on Rs.4000 at 10% for 2nd year is Rs.
Answer» Compound interest accumulation factor :P(1 + i)ⁿ = Accumulated amount P = principle amounti = interest rate =10%n = Time in years = 2P = 4000Doing the substitution :4000 × ( 1.10)^2=4840 Rs 4840 what is the final answer of the question ?

Answer»

Compound interest accumulation factor :P(1 + i)ⁿ = Accumulated amount P = principle amounti = interest rate =10%n = Time in years = 2P = 4000Doing the substitution :4000 × ( 1.10)^2=4840

Rs 4840

what is the final answer of the question ?

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7The compound interest on Rs.4000 at 10% for 2nd year is Rs.

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