Question

1. Find the compound interest for the following:
a. rs 5000 invested for 5 years at the rate of 4% p.a compounded annually​

Answer 1

Answer:

CI=1083

Step-by-step explanation:

$a = p {(1 + \frac{r}{100} )}^{t}$

where a=amount , p=principle , r=rate , t=time in years

so ,

$a = 5000 {(1 + \frac{4}{100} )}^{5} \\ = 5000 {(1.04)}^{5} \\ = 5000(1.21665) = 6083$

Compound Interest =Amount-Principle

=

$6083 - 5000 = 1083$

Ppz mark my answer as brainlist so that u will get fast answer and correct answer!!!

Answer 2

Answer:

Answer:

CI=1083

Step-by-step explanation:

a = p {(1 + \frac{r}{100} )}^{t}a=p(1+100r)t

where a=amount , p=principle , r=rate , t=time in years

so ,

\begin{gathered}a = 5000 {(1 + \frac{4}{100} )}^{5} \\ = 5000 {(1.04)}^{5} \\ = 5000(1.21665) = 6083\end{gathered}a=5000(1+1004)5=5000(1.04)5=5000(1.21665)=6083

Compound Interest =Amount-Principle

=

6083 - 5000 = 10836083−5000=1083

Ppz mark my answer as brainlist so that u will get fast answer and correct answer!!!