Question

find the amount of 5000 for 5 years compunded anually and the rates being 8 % per anum​

Answer 1

Answer:

PTR/100

P= principle

T = time period

R= rate of interest

5000×5×8/100=2000

amount is 2000+5000= 7000

Hope it helps

Answer 2

s.i.=5000+5+8/100

=63

Amount =5000 +63=5063