Question

Find amount and the compound intrest on 10000 rs at 5percentage per annum for 2years compound annualy

Answer 1

Answer:

1025

Step-by-step explanation:

You can find the total money that you will have including the amount that you deposited by the following equation ,

$A=P(1+r)^n$

Here A is the total amount that you will have after a given amount of time

P is the amount that you deposited

r is the rate of interest

And n is the time ( in years in this case )

So we use the equation to find the total amount that you will have in 2 years

$A= 10000(1+5/100)^2$

Remember r is the percentage .. so you have to divide it by 100 everytime

In this case r=5% so r= 5/100

so we get A = 11025

If we want to find out the interest we subtract the amount that you deposited in the first place

So interest = total amount saved in 2 years - amount deposited

 interest = 11025-10000 = 1025

Hope this helps :)

Answer 2

☞ Given :-

Principal (P) = 10000

Rate (R) = 5%

Time (T) = 2 years

☞ To Find :-

Amount (A) and Compound Interest (CI)

☞ Solution :-

We know that,

$Amount(A) = P \times {(1 + \frac{R}{100}) }^{n}$

Here,

A = Amount

n = number of years

P = Principal

R = Rate

So,

By putting the above values in it, we get,

$\implies \: A = 10000 \times {(1 + \frac{5}{100} )}^{2} \\ \\ \implies \: A = 10000 \times {(1 + 0.05)}^{2} \\ \\ \implies \: A \: = 10000 \times {(1.05)}^{2} \\ \\ \implies \: A \: = 10000 \times 1.1025 = 11025$

So,

Amount (A) = 11025

We know that,

Interest = Amount (A) - Principal (P)

So,

Interest = 11025 - 10000 = 1025