Question

Compute Amount for a sum of
5000/- , At 10% per annum for 2
Years Compounded annually​

Answer 1

Answer:

The answer is 6050 if compounded anually

Step-by-step explanation:

first step- 5000×10÷100=500

then add 5000 + 500=5500

second step- 5500×10÷100=550

then add 5500+550

so the final answer is 6050