Question

Calculate the compound interest on ₹5000 at the rate of 15 % per annum for 2 years

Answer 1

Answer:

rs1612.50

Step-by-step explanation:

P= 50,000

R= 15%

T= 2 years

amount=

${p{1 + \frac{15}{100} }^{2} }$

5000×1.3225

rs .6612.50

c.i.= 1612.50

Answer 2

Answer:

₹1612.5

Step-by-step explanation:

Here Principal= ₹5000, Rate=15%, Time=2year (n)

SO According to the Formula A=P(1+r/100)n

A = 5000+1+15/100)2

A= 5000(23/20)2

A=12.5×23×23

A=₹6612.5

Now compound interest=Amount-principal

compound interest=₹6612.5-₹5000

=₹1612.5