Find the amount
P = 4000
R = 5 %
year = 12
Answers
Answer:
(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 RupeesA=P1+R100N =20001+51002 =20001051002 =200021202 =2205 Rupees∴ Compound Interest after 2 years,I = Amount - Principal =2205-2000 =205 Rupees
Hence, Amount = ₹ 2205 and Compound interest = ₹ 205.
(2) Here, P = ₹ 5000; R = 8 % ; N = 3 years
A=P(1+R100)N =5000(1+8100)3 =5000(108100)3 =5000(2725)3 =6298.56 Rupees∴ Compound Interest after 3 years,I = Amount − Principal =6298.56−5000 =1298.56 RupeesA=P1+R100N =50001+81003 =50001081003 =500027253 =6298.56 Rupees∴ Compound Interest after 3 years,I = Amount - Principal =6298.56-5000 =1298.56 Rupees
Hence, Amount = ₹ 6298.56 and Compound interest = ₹ 1298.56
(3) Here, P = ₹ 4000; R = 7.5 % ; N = 2 years
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