An amount of ₹ 6,000 lent at 5% per annum compound interest

An amount of ₹ 6,000 lent at 5% per annum compound interest for 2 years will become

Here , P = ₹ 6000 , A = ? , R = 5%, T = 2 years
Using the given formula ,

A = P		1 +	R		^T
			100

A = 6000		1 +	5		²
			100

⇒ A = 6000 ×	21	×	21	= ₹ 6615
	20		20