Question

find the AMount on compound interest
a sum of ₹5000 or 2 years at the rate of 2% per annum​

Answer 1

Answer:

Compound interest is 208.

Step-by-step explanation:

Simple interest = p*r*t/100

= 5000*2*2/100

= 50*4 = 200

Amount = principal + interest

= 5000 + 200 = 5200

New principal = 5200

Compound interest = p*r*t/100

= 5200*2*2/100

= 52*4 = 208

Therefore, compound interest = 208(answer).

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Answer 2

$\huge\bold\green{Question}$

Find the ammount on compound interest a sum of ₹5000 for 2 years at the rate of 2% per annum ?

$\huge\bold\green{Answer}$

According to the question we have given :-

•°• Time = 2 Years

•°• Principle = Rs.5000

•°• Rate = 2 %

So, we have to find Compound Interest = ?

$\begin{lgathered}\sf A = P \left(1+\dfrac{r}{100}\right)^n \\ \\ \sf Now \: by \: Substituting\: known\: the\: values, \:we \:get \\ \\ = \sf 5000 \left(1+\dfrac{2}{100}\right)^2 \\ \\ \sf = 5000 \left( \dfrac{102}{100}\right)^2 \\ \\ = \sf 5000 \times \dfrac{102}{100}\times \dfrac{102}{100} \\ \\ = \sf 51 \times 102 \\ \\ = \sf 502 \\ \\ \sf Compound \:Int. = Amount - Principle \\ \\ = \sf 5202 - 5000 \\ \\ \huge \tt {=202}\end{lgathered}$

Hence the compound interest is ₹ 202