Find the amount and compound interest:
P = ₹ 20000, Time = 5 years at 5% p.a interest being compounded annually.
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Answer:Amount= Rs 25525.6; C.I.= Rs 5525.6
Step-by-step explanation:
P= Rs 20000
Time= 5 years
Rate= 5% p.a.
A= Px(1+r/100)ⁿ
A= 20000x(1+5/100)⁵
A= 20000x(21/20)⁵
A=21⁵/160= Rs 25525.6
C.I. = Rs(25525.6-20000)= Rs5525.6
SanyaBhasin:
so what can i do
i am not getting the needful answer
Ask your teacher tomorrow and then inform me
I don't think that your teacher will be angry at your doubt
ok
though tomorrow is sunday i will ask on monday
yeah
please ask and inform me also
ok
sure
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