Question

calculate the compound intrest on 5000 for 2 years at rate 6%

Answer 1

compound interest=P(1+R/100)^n

here P=5000
        n=2
        R=6

C.I=5000(1+6/100)^2
     =5000(106/100)^2
     =5000*1.1236
     =5618

THE COMPOUND INTEREST IS 5618.

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