Question

anju lent 5000 rupees to Guneet at the rate of 25/3% per annum compound interest find the amount payable by Guneet to Anju after 2 years

Answer 1

5000 {1+(25/3/100)}^2
=5000{100+25/300}^2
5000×125/300×125/300
=5000×1/2×1/2
=105625/18

Answer 2

Answer: Amount payable by Guneet to Anuj after 2 years will Rs. 5868.05.

Step-by-step explanation:

Since we have given that

Principal = Rs. 5000

Rate of interest = $\dfrac{25}{3}\%$

Number of years = 2

We need to find the Amount on compounded annually.

$A=P(1+\dfrac{r}{100})^n\\\\A=5000(1+\dfrac{25}{300})^2\\\\A=5000(\dfrac{300+25}{300})^2\\\\A=5000(\dfrac{325}{300})^2\\\\A=Rs.\ 5868.05$

Hence, Amount payable by Guneet to Anuj after 2 years will Rs. 5868.05.