Question

find the amount and compound interest on 10,000 Rs at 5%per annum for 2years compounded annually​

Answer 1

Step-by-step explanation:

A=P(1+

100

R

)

n

A=10,000(1+

100

5

)

2

A=10,000(

100

105

)

2

A=10,000×

100

105

×

100

105

A=105×105=Rs.11,025

I=A−P=11,025−10,000=Rs.1,025