Question

Example 5) Compute the amount and the compound interest on 10000 compounded
annually for 2 years at 4% per annum.
solve with formula
please give the full solution in the photo form??​

Answer 1

Step-by-step explanation:

principle = 10000, rate = 2% per half year, time = 2 year =4 half year

amount = p(1+r/100)t

10000(1+2/100)4

10000×102/100 ×102/100 ×102/100 ×102/100

10000× 51/50 ×51/50 ×51/50 ×51/50

C.I = amount- principle

C.I = 10824.32- 10000

C.I =₹ 824.32