Question

Find the compound interest on Rs 5000 at 8% p.a . for 2 years​

Answer 1

Step-by-step explanation:

P = ₹5000

R = 8%

T = 2 years

Amount = P(1 + (R/100))^T

= 5000(1 + (8/100))²

= 5000((100+8)/100)²

= 5000 × 108/100 × 108/100

= ₹5832

Compound Interest = ₹5832 - ₹5000

= ₹ 832

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Answer 2

Step-by-step explanation:

interest=PRT(time will be 1 year)/100

=5000×8×1/100

=40000/100

=400

p=5000+400

=5400

interest=5400×8×1/100

432

amount=5400+432

=5832

compound interest=final amount-original principal

=5832-5000

=832