2) Vijay invested * 10,000 in a business. He would be paid interest at 5% per annum
compounded annually. Find the amount credited against his name at the end of the
second year.
Answers
Answer:
The number of years is 2
Principal = Rs.10,000
Amount = rs.11000
Interest = Amount - Principal
Interest = Rs.11000-Rs.10000
Interest = Rs.1000
Rate of interest = 5%
:
Hence the number of years is 2
#learn more:
brainly.in/question/8235158
Lokesh invested rs 10,000 in a bank the pays an interest 10% per annum. He withdraws the amount after 2 years and 3 months. Find the interest, he receives
Explanation:
Step-by-step explanation:
Principal = Rs.10,000
Amount = rs.11000
Interest = Amount - Principal
Interest = Rs.11000-Rs.10000
Interest = Rs.1000
Rate of interest = 5%
:
Hence the number of years is 2
#learn more:
brainly.in/question/8235158
Lokesh invested rs 10,000 in a bank the pays an interest 10% per annum. He withdraws the amount after 2 years and 3 months. Find the interest, he receives