Question

Find the compound interest on Rs. 1000 for 4 years at 5% per
annum.​

Answer 1

Answer:

not sure about the ans.

hope it helps...

Answer 2

Given:

Principal = Rs. 1000

Time period = 4 years

Rate of interest = 5 %

To find:

Compound interest

Solution:

The formula for compound interest is,

C.I =  $P ( (1+\frac{R}{100})^{T}- 1)$

Where, P = principal;

R = Rate of interest ;

T = time period

Putting the values of P, R, and T in the formula for compound interest, we get,

C.I = $1000 ( (1+\frac{5}{100})^{4}- 1)$

On solving the above values, we get,

C.I = 1000 × 0.21550

C.I= Rs. 215.5

The compound interest is Rs. 215.5.