Question

Find the amount and compound interest on Rs. 10000 at 5%per annum, for 2yrs compounded annually.

Answer 1

Answer:

Amount=11000                        Compound interest=1000

Step-by-step explanation:

Rupees                 =10000

Time                       =2 years

Interest rate          =5%

Amount                  =10000*2*5/100

                               =10000+1000

                               =11000

compound interest=1000

hope you get it