Question

1. Calculate the compound interest on 50000 for 2years at
4% per annum


PLS TELL​

Answer 1

Answer:

50,000 at 4% per annum for two years compounded annually is: 1) 4000. 2) 4080.

Answer 2

Step-by-step explanation:

We are given that the amount is RS.50,000 on which interest will be paid.

The amount 50,000 is our principal amount p

Now,we are also given that the rate of interest is 4% which is denoted by r.

Time period (T) for which compound interest should be calculated is given as 2 years

A=P (1+r/100)t where A is the total

amount P is the principal amount,r is the rate of interest and T is the time period

on substituting the value We get

A= 50,000(1+4/100)2

A=50,000(104/100)2

A=50,000(104/100)(104/100)

A=5(104)104)

Therefore, on solving We get

A= 54,080

C.I = A-P where C.I stand for compound interest

C.I = 54,080-50,000

C.I=4,080

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