Question

Find the compound interest on Rs 45,000 at 5% per annum for 2 years compounded annually.​

Answer 1

Answer:

4612.50

Step-by-step explanation:

formula

c.I= P(1+r/100)^n-P

Answer 2

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Principal = Rs 45,000

Rate of interest = 5%p.a.

n = 2 years

Amount = Principal (1+R/100)n

= ₹45000(1+5/100)²

= ₹45000(1+1/20)²

= ₹45000(20+1/20)²

= ₹45000(21/20)²

= ₹45000×21/20×21/20

= ₹49612.50

Compound interest = ₹(Amount-Principal) = ₹(49612.50-45000) = ₹4612.50

Thus, the compound interest is ₹4612.50 on Rs 45,000 at 5% per annum for 2 years compounded annually.

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