Question

find the amount and the compound interest on ₹10000 at 5/ per annum for 2 years compound annually

Answer 1

hey mate here is your answer


given that

principal=10000
rate. = 5% per annum
time = 2years


as we know that
compound interest =P (1+R/100) ^t- P

=10000(1+5/100)^2 -10000
=10000(1+1/20)^2 -10000
=10000*(21/20)^2-10000
=(10000*441/400) -10000
= (25*441) - 10000
=11025 -10000

= 1025 rupee

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