Question

Answer the following question

Answer 1

Given

• Principal= $ 6000
• Rate= 4%
• Time= 5 years

To Find

• Compound Interest

Solution

$\sf \: C.I = p \{ \left(1 + \dfrac{r}{100} \right) ^{n} - 1\}$

$\sf \: C.I = 6000 \{ \left(1 + \dfrac{4}{100} \right) ^{5} - 1\}$

$\sf \: C.I = 6000 \{ \left( \dfrac{104}{100} \right) ^{5} - 1\}$

$\sf \: C.I = 6000 \{ \left( \dfrac{26}{25} \right) ^{5} - 1\}$

$\sf \: C.I = 6000\left( \dfrac{11881376}{9765625} - 1\right)$

$\sf \: C.I = 6000\left( \dfrac{11881376 - 9765625}{9765625} \right)$

$\sf \: C.I = 6000 \times \dfrac{2115751}{9765625}$

$\sf \: C.I = 6000 \times 0.2166$

$~~~~~~\underline{ \boxed{\sf \: C.I = 1300}}$

• compound interest on $ 6000 for 5 years at 4 % per annum , compounded annually = $ 1300

Answer 2

Step-by-step explanation:

answer is in the attachment

hope this helps you