Question

Calculate the compound interest on RS 5000
for 2 years at
the rate of
6%p.a., also find the amount.​

Answer 1

$p = 5000rs \\ t = 2 \: years \\ r = 6\% \\ compounded \: annually \\ a = p(1 \frac{r}{100} )^{t} \\ = 5000(1 \frac{6}{100} )^{2} \\ = 5000 \times \frac{106}{100} \times \frac{106}{100} \\ = \frac{56180}{10} = 5618rs \\ c.i = a + p \\ = 5618 + 5000 \\ = 10618rs$

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