Question

Find Amount if principal is 50,000 rupees ,Time is 2 years and rate is 8% per annum compounded annually.​

Answer 1

$\blue{\bold{\underline{\underline{Answer:}}}}$

$\green{\tt{\therefore{Compound\:Interest=58,320\:rupees}}}$

$\orange{\bold{\underline{\underline{Step-by-step\:explanation:}}}}$

$\green{\underline \bold{Given:}} \\ \tt: \implies Principal(p) = 50000 \: rupees \\ \\ \tt: \implies Time(t) = 2 \: years \\ \\ \tt: \implies Rate\% (r)= 8\% \\ \\ \red{\underline \bold{To \: Find:}} \\ \tt: \implies Amount(A) = ?$

• According to given question :

$\bold{As \: we \: know \: that} \\ \tt: \implies A = p( 1 + \frac{r}{100} ) ^{t} \\ \\ \tt: \implies A= 50000(1 + \frac{8}{100} )^{2} \\ \\ \tt: \implies A= 50000 \times (1 + 0.08)^{2} \\ \\ \tt: \implies A = 50000 \times \frac{108}{100} \times \frac{108}{100} \\ \\ \tt: \implies A= 5 \times 108 \times 108 \\ \\ \green{\tt: \implies A= 58,320 \: rupees} \\ \\ \red{\bold{Extra \: information}} \\ \tt: \implies C.I= A - p \\ \\ \tt: \implies C.I = 58,320 - 50,000 \\ \\ \green{ \tt: \implies C.I = 8,320 \: rupees}$

Answer 2

$\mathfrak{\huge{\pink{ANSWER}}}$