Question

Find the amount and interest of ₹5000 in 2 years at 10% per annum compound interest.

Answer 1

Heya❗

here's your answer ❗

P = ₹5000
R = 10%
n = 2years

A = P(1+r/100)^n

= ₹5000 ( 1+r/100)^2

= ₹5000×110/100×110/100

= ₹6050

compound interest = A - P

= ₹6050 - ₹5000

= ₹ 1050

Answer 2

$p = 5000 \\ t = 2yrs \\ r = 10 \\ amount = p(1 + r \div 100) {}^{n} \\ a = 5000((100 + 10) \div 100) {}^{2} \\ = 5000 \times 11 \div 10 \times 11 \div 10 \\ = 50 \times 121 \\ = 6050$
I hope my answer will help you