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
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