Question

find amount and compound interest on rupees 5000 for 2 years at 6% per annum interest payable yearly

Answer 1

618 will be the CI and 5618 will be the amount

please brainlist

Answer 2

Hi mates,

Here is

P=5000

R=6

T=2

Than we know

C.i. =p(1+r/100)n-p

=5000(1+6/100)2-5000

=5000x106/100x106/100-5000

=5618-5000

Ci=618