Question

find the amount and compound interest on rupees 5000 for 2 years at 10 % interest being payable yearly

Answer 1

here A =amount
P = principle
R = Rate of interest
n = no. of years

Answer 2

Amount = P(1+r/100)^t
= ₹ 5000( 1 + 10/ 100 )^2
= ₹ 5000 × 11/10 × 11/10
= ₹ 50 × 11 × 11
= ₹ 50 × 121
= ₹ 6050.
compound Interest = Amount - Principal
= ₹ 6050 - ₹5000
= ₹ 1050.