Question

Find the compound interest on 5000 for 2 years at 10% pa
​

Answer 1

Answer:

$p < 1 + i > ^{n}$

$5000 < 1 + 0.1 > ^{2}$

$5000 < 1 .1 > ^{2}$

$6050$

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Answer 2

..Question..

Find the Compound interest on Rs 5000 for 2 years at 10% pa.

..Answer..

Given ,

ㅤㅤㅤ➪ Principle = Rs 5000

ㅤㅤㅤ➪ Time ㅤㅤ= 2 years

ㅤㅤㅤ➪ Rate ㅤㅤ = 10 %

☯︎ We know that ,

➪ Amount = P ( 1 + r/100 ) ^ t

➪ Amount = 5000 ( 1 + 10/100 ) ²

➪ Amount = 5000 ( 1 + 1/10 ) ²

➪ Amount = 5000 ( 11/10 ) ²

➪ Amount = 5000 × 11/10 × 11/10

➪ Amount = 50 × 11 × 11

➪ Amount = 50 × 121

➪ Amount = 6050

°•° We know that

Amount = Principle + Compound Interest

•°•

➪ 6050 = Principle + Compound Interest

➪ Principle + Compound I = 6050

➪ 5000 + Compound I = 6050

➪ Compound I = 6050 - 5000

➪ Compound I = 1050

•°• Compound Interest = Rs 1050

ㅤㅤㅤ꧁ ʙʀᴀɪɴʟʏ×ᴋɪᴋɪ ꧂

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