Question

a sum of ₹ 5000 is invested at a rate of 5% per annum for four years .find the amount if the interest is compounded annually.​

Answer 1

P= 5000 Rs

t= 4 yr

r= 5%

interest

I= P( 1+ r/100)^ t - P

= {5000(1+ 5/100)^4} - 5000

= 6077.53125 -5000

= 1077.53125 Rs

Answer 2

Answer:

$p(1 + r \div 100) \times 4$

Step-by-step explanation:

A= 6077.53125