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?
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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:
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