Question

a sum of Rs 50,000 is invested for 3 years at 10% p.a. at compound interest. (a) what is the sum due at the end of the first year?​

Answer 1

Answer:

given that

principal is 50000/-

rate percent is 10 percent per annum

compound interest we need to find is for 1 year

compound interest = (p*r*t)/100

(50000*10*1)/100

=5000

compound interest at the end of first year= Rs 5000

amount at the end of first year = p+ci

                                                   = 50000+5000

                                                   =Rs. 55000

Step-by-step explanation: