Question

Find the amount by compound interest if Rs. 500 invested for 2 years at the rate of Rs. 10 pcpa.​

Answer 1

Answer:

hope it help u

happy holi❤❤

Step-by-step explanation:

(1) Here, P = ₹ 2000; R = 5 % ; N = 2 years

A=P(1+R100)N =2000(1+5100)2 =2000(105100)2 =2000(2120)2 =2205 Rupees∴ Compound Interest after 2 years,I = Amount − Principal =2205−2000 =205 Rupees

Hence, Amount = ₹ 2205 and Compound interest = ₹ 205.

Answer 2

Answer:

₹ 105

Step-by-step explanation:

Given:-

Principal $(P)=$ ₹ 500

Rate of Interest $(R)=$ 10%

Number of years $(n)=$ 2 years

To find:-

Compound Interest

Solution:-

$Amount=P(1+\frac{R}{100})^{n}$

$Amount=500(1+\frac{10}{100})^{2}$

$Amount=500(1+\frac{1}{10})^{2}$

$Amount=500(\frac{10+1}{10})^{2}$

$Amount=500(\frac{11}{10})^{2}$

$Amount=500(\frac{11}{10})(\frac{11}{10})$

$Amount=5(11)(11)$

$Amount=$ ₹ 605

Comppund Interest = Amount - Principal

Compound Interest = 605 - 500

Compound Interest = ₹ 105

∴ The amount by compound interest = ₹ 105