Question

An investment of Rs.10,000 for 5 years at 10% per annum. Find the amount received at the end of 5 years in case of: (4) (i) Compound interest (ii) Simple interest.

Answer 1

Answer:

compound interest=6105.1,simple interest=5000

Step-by-step explanation:

10000×10×1/100=1000, 1000+10000=11000, 11000×10×1/100=1100, 1100+11000=12100,

12100×10×1/100=1210, 1210+12100=13310,

13310×10×1/100=1331, 1331+13310=14641,

14641×10×1/100=1461.1, 1441.1+14641=16105.1,

compound interest= 16105.1-10000=6105.1

CI=6105.1 ,.

simple interest= 10000×10×5/100=500

SI=5000