Question

An amount of rs 600 is compound annually at the rate 5%. the amount to be paid after two years​

Answer 1

HI, DEAR!!

HERE IS YOUR ANSWER!!

Principal = Rs.600

Rate = 5%

Time = 2 years

Amount = P(1+r/100)^t

=600(1+5/100)^2

= 600(100+5/100)^2

= 600(105/100)^2

=600×105/100×105/100

=66150/100

=661.5

COMPOUND INTEREST= AMOUNT - PRINCIPAL

= 661.5-600

= 61.5

Therefore, amount to be paid is 661 and C.I. is 61.

HOPE THIS HELP U!!