Question

Find the CI and Amount where a sum of 5000 ₹ is borrowed at a rate of interest 20% p.a. for a time 2 years.

Answer 1

Answer:

A=Rs.7200 and CI=Rs. 2200

Step-by-step explanation:

Here,

P=Rs. 5000

R= 2 yrs

T= 20%

We know,

A=P(1+R/100)^T

=5000(1+ 20/100)^2

=5000(1+0.2)^2

=5000(1.2)^2

=5000*1.44

=Rs. 7200

And,

CI= A- P

=Rs. 7200 - Rs. 5000

=Rs. 2200