The amount on a sum of ₹2,400 at 20%
The amount on a sum of ₹2,400 at 20% per annum compound interest, compounded annually, in 2 years will be:
₹2,400 की धनराशि पर वार्षिक रूप से संयोजित होने पर 20% वार्षिक चक्रवृद्धि ब्याज की दर से 2 वर्षों में प्राप्त मिश्रधन (Amount) ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
₹3,456
Principal P=₹2400
Rate R=20% per annum
Time T=2 years (compounded annually)
Compound Amount formula:
$A = P\left(1+\frac{R}{100}\right)^T$
Substitute the values:
$A = 2400\left(1+\frac{20}{100}\right)^2$
$A = 2400(1.2)^2$
$A = 2400 \times 1.44$
A = 3456
✅ Correct Answer: ₹3,456
Similar Practice Questions
Find the simple interest (in₹) on ₹2500
Find the simple interest (in₹) on ₹2500 as a sum borrowed at 6% per year...
Amit invests a sum of ₹5400
Amit invests a sum of ₹5400 and Gopal invests a sum of ₹9400 at the...
A sum of ₹5,19,500 is borrowed at
A sum of ₹5,19,500 is borrowed at \(7\frac{4}{5}\)% per annum compound interest and paid back...
Find the simple interest (in ₹) on ₹2500
Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 7% per...
Sharad invested two equal amounts for 6 years and 3 years
Sharad invested two equal amounts for 6 years and 3 years at the rate of...
Find the simple interest (in ₹) on ₹3000
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 7% per...
A borrows ₹89,500 for 3 years at 7% p.a.
A borrows ₹89,500 for 3 years at 7% p.a. simple interest. B borrows the same...