Question

A sum of Rs. 1000 is invested for 5 years at rate of 12% per annum. Find compound interest and due amount.

Don't dare for spam !​

Answer 1

Step-by-step explanation:

hope this helps u using interest formula

Answer 2

Step-by-step explanation:

given :

• amount of principal = 1000

• invested = 5 years

• interest rate = 13%

to find :

• Find compound interest and due amount = ?

• Find compound interest and due amount = ?

formula :

A = P (1 + R/100)^T

solution :

principal amount interest = 1000(1 + 12/100)^5

• principal amount interest = 1000 (1 + 0.12)^5

• principal amount interest = 1000 x (1.12)^5

principal amount interest = 1000 x 1.7623416832

• principal amount interest = 1,762.3416832

• principal amount interest = Rs.1,762.34

substitute the number

compound interest of amount = amount - principal

• compound interest of amount = 1,762.34 - 1000

compound interest of amount = 762.34

• compound interest of amount = Rs. 762.34

thus,

• principal amount interest = Rs. 1762.34

• compound interest of amount = Rs. 762.34.