Calculate the amount if ₹6000 is invested at 5% P.A compounded anual

1.	Calculate the amount if ₹6000 is invested at 5% P.A compounded anually for 2 years
Answer» Answer: Step-by-step EXPLANATION: Principal = 6000, Rate of interest = 5%, Time = 2 years Amount = P (1 + R / 100)^n = 6000 (1 + 5/100)^2 = 6000 (1 + 1/20)^2 = 6000 (21/20)^2 = 6000 x 21/20 x 21/20 = 15 x 21 x 21 = 15 x 441 = 6615 Therefore will be RS. 6615 MARK MY ANSWER AS BRAINLIEST

Calculate the amount if ₹6000 is invested at 5% P.A compounded anually for 2 years

Answer»

Answer:

Step-by-step EXPLANATION:

Principal = 6000, Rate of interest = 5%, Time = 2 years

Amount = P (1 + R / 100)^n

= 6000 (1 + 5/100)^2

= 6000 (1 + 1/20)^2

= 6000 (21/20)^2

= 6000 x 21/20 x 21/20

= 15 x 21 x 21

= 15 x 441

= 6615

Therefore will be RS. 6615

MARK MY ANSWER AS BRAINLIEST