Question

25. what will be compound interest on a sum of rs. 1000 at the rate of 10 p.C.P.A. After 5 years

Answer 1

I = Rs 1000

Rate= 10 %

Time = 5 years

P=?

I= PRT by 100

or,PRT= 100 × I

or,P= 100 × I by RT

or, P= 2000