Question

Find the amount and the compound interest on 5000 for 2 years at 6% per annum, interest
payable yearly
Find the amount and the cor​

Answer 1

Answer:

Amount=5618 Rs

Compound Interest=618 Rs

Step-by-step explanation:

A=P(1+R/100)^N

A=5000(1+6/100)^2

A=5618 Rs

•Compound Interest

A-P=5618-5000

Interest=618 Rs