Question

Find the compound interest of rs 5000 for 2yrs at the rate of 7% per annum compounded annually​

Answer 1

Given :

• Principal = Rs. 5000
• Time = 2 years
• Rate = 7%

To Find :

• Compound Interest .

Solution :

Firstly we will find Amount :

Using Formula :

$\longmapsto\tt\boxed{A=P\bigg(1+\dfrac{r}{100}\bigg)^{t}}$

Putting Values :

$\longmapsto\tt{5000\bigg(1+\dfrac{7}{100}\bigg)^{2}}$

$\longmapsto\tt{5000\bigg(\dfrac{100+7}{100}\bigg)^{2}}$

$\longmapsto\tt{5000\bigg(\dfrac{107}{100}\bigg)^{2}}$

$\longmapsto\tt{5{\cancel{000}}\times\dfrac{11449}{10{\cancel{000}}}}$

$\longmapsto\tt{5\times\dfrac{11449}{10}}$

$\longmapsto\tt{\dfrac{57245}{10}}$

$\longmapsto\tt\bf{5724.5}$

Now ,

For Compound Interest :

$\longmapsto\tt{C.I=Amount-Principal}$

$\longmapsto\tt{5724.5-5000}$

$\longmapsto\tt\bf{724.5}$

Answer 2

Step-by-step explanation:

topic :

• interest

given :

• Find the compound interest of rs 5000 for 2yrs at the rate of 7% per annum compounded annually

to find :

• Find the compound interest

solution :

• please check your answer in attachment

• compound interest = A-P

• compound interest = rs 5724.5 - rs 5000

• compound interest = rs 724.5