Question

find the compound interest on 5000RS. for 2 years at 10% p.a​

Answer 1

Answer:

CI = Rs 1050

Step-by-step explanation:

Given :

Principal = Rs 5000

Rate of Interest = 10% p.a

Time ( No. of Years ) = 2 yrs

To Find :

Compound Interest

Formula Used :

CI = A - P

CI = P ( 1 + R / 100 ) ^ n - P

Procedure :

= 5000 ( 1 + 10 / 100 ) ^ 2 - 5000

= 5000 ( 1 + 1 / 10 ) ^ 2 - 5000

= 5000 ( 11 / 10 ) ^ 2 - 5000

= 5000 * 11 / 10 * 11 / 10 - 5000

= 50 * 121 - 5000

= 6050 - 5000

= Rs 1050

Solution :

Compound Interest = Rs 1050