calculate the amount if ₹5,000 is invested at 10% p.a. for 2 years. Also, the rate of interest is compounded quaterly.
Answers
Answered by
0
Answer:
10,000 will be the answer to the question
Step-by-step explanation:
Follow me and give me 5 thanks and brainliest answer
Answered by
0
1 people helped
ANSWER
PrincipalP==5000Rs
Compond Rate per annum=10%
Compound Rate half yearly=
2
10
=5%=r
Time=5.5yrs=5.5×2=11=n half years
A=P×(1+
100
r
)
n
A=5000×(1+
100
5
)
11
A=5000×(1+(0.05))
11
A=5000×(1.05)
11
A=5×1.71
A=8550Rs
CI=A−P=8550−5000=3550Rs
Hence the answer is 3550Rs
Similar questions