Question

52000 for 2 years at 1% per annum compounded annually​

Answer 1

Answer:

p=52000

R=1%

T=2Year

C.I=P(1+1/100)T

=52000(100+1÷100)2

=52000×101/100×101/100

C.I= 52 ×10201/10

c.i = 530452.2

Step-by-step explanation:

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Answer 2

Answer:

Compound Interest after 2 years is ₹1045.20

Step-by-step explanation:

For 1st year,

P=₹52000, R=1%, T=1 year

So Interest= P×R×T

100

=₹52000×1×1

100

=₹520

Amount= Principal+ Interest

= ₹(52000+520)

= ₹52520

For 2nd year,

P=₹52520, R=1%, T=1 year

So Interest= P×R×T

100

=₹52520×1×1

100

=₹525.20

Final Amount=Principal+ Interest

= ₹(52520+525.20)

= ₹53,045.20

Thus, The Compound Interest for 2 years

=Final Amount-Principal

=₹(53045.20- 52000)

=₹1045.20