Question

akash deposit 50000 at tha rate of 10%per annum compound annually for 4 year in a banck what amount he will get back after the end of the period

Answer 1

Step-by-step explanation:

we know that,

I = PRT/100

so there is give ing us that,

P = 50000/- rs

R = 10%

T = 4 years

so

I = 50000×10×4/100

=5000×4

=20000

.

. . in fact = 50000+20000 =70000

Answer 2

Step-by-step explanation:

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

Given, P=50,000 R=10%,N=4year per annum

A= 50000(1+10/100)

A=50000(10+10/100). (By taking LCM)

A=50000(110/100)

A=50000×10/100×110/100×110/100×110/100

A=73205

C I = A-P

= 73205-50000=23205

Ans = 23205