Question

. Find the compound interest on Rs 5000 for 2 years at 4% per annum.​

Answer 1

Answer:

$\huge\underline\mathfrak{Answer\::}$

★ Given:-

● Principal (P) = Rs.5000

● Time(n) = 2 years.

● Rate of interest (r) = 4%

★ To find:-

● Compound Interest (CI)

★ Solution:-

CI = P ( 1+r)^n - P

=> CI = 5000(1+4%)^2-5000

=> CI = 5000(1+0.04)^2 - 5000

=> CI = 5000 × 1.0816 - 5000

=> CI = 5408-5000

=>CI =Rs. 408

Hope it helps you ♥ ♥ ♥

Answer 2

Step-by-step explanation:

thanks for following