Question

A sum of Rs. 50,000 is borrowed and the rate of interest is 10% per annum. What is the compound interest for 5 years?

​

Answer 1

Answer:

C.I. = Amount - Principle

=> P((1+

100

r

)

T

−1)

CI = 50,000(1+

100

4

)

2

−1)

C.I.= 4080.

Answer 2

Answer:

Rs. 2500000

Step-by-step explanation:

Compound Interest = P*R*T = 50000 * 10 * 5 = Rs. 2500000

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