Question

Find the amount and the compound intrest on 5000 for 2 yrs at 6% p.a intrest payable yearly.​

Answer 1

Answer:

5000×8×1/100

= 50×8=400

5000+400=5400

5400×8/100

= 54×8= 432

=5400+432

=5832rs is ur answer mate

Answer 2

Answer:

• Amount = Rs. 5618
• Compound Interest = 618

Step By Step Explanation:

Given:

• Principal Amount = Rs. 5000
• Time = 2 years
• Rate = 6%

To Find:

• Amount
• Compound Interest.

Now, we know that

=> Amount = P[1 + (r/100)]ⁿ

=> Amount = 5000[1 + (6/100)]²

=> Amount = 5000[(100 + 6)/100]²

=> Amount = 5000[106/100]²

=> Amount = 5000[1.06]²

=> Amount = 5000 × 1.1236

=> Amount = Rs. 5618

Hence, Amount = Rs. 5618

Now, we will find Compound Interest,

=> CI = Amount - Principal Amount

=> CI = 5618 - 5000

=> CI = 618.