A man gets a simple interest of 1,000 on a certain principal at the rate of 5 p.C.P.A. In years. What compound interest will the man get on twice the principal in two years at the same rate ?
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Principal = SI×100Time×Rate
= 1000×1004×5 = Rs.5000
Now, Principal = Rs.10000
∴ CI = P [(1+Rate100)Time−1]
= 10000 [(1+5100)2−1]
= 10000 [(2120)2−1]
= 10000×41400 = Rs.1025
mark it brainliest....
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