Question

4. Find the compound interest on * 4,50,000 for 2 years at 10% per annum?​

Answer 1

Answer:

94, 500 is your answer

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Answer 2

Answer:

Compound Interest (using formula)

Given, Principal =4,50,000

Time=2 years

Rate=10%

A = P(1+r/100)^n

= 4,50,000 (1+10/100)^2

=4,50,000 (1+1/10)^2

=4,50,000 ((10+1)/10)^2

=4,50,000 (11/10)^2

=4,50,000× 11/10 ×11/10

=4,500×11×11

=5,44,500

A = 5,44,500

C.I.= A - P

= 5,44,500 - 4,50,000

= 94,500

Therefore, C.I. = 94,500

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