P=20,000,r=6%,t=2years. Find A and CI. – InterviewSolution

1.	P=20,000,r=6%,t=2years. Find A and CI.
Answer» GIVEN, P= 20,000 R= 6% T(N)= 2 yearsC.I= P(1+r/100)^2 = 20000(1+6/100^2 = 20000(1+1/21)^2 =20000(25+1/25)^2 = 20000×26/25×26/25 = 23,600Amount= 20000+23600 = 43600

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