find the compound interest on rs. 5000 for 2years at 5%per annum
Answers
Answered by
1
Answer:
500
Step-by-step explanation:
SI=
100
P×R×T
=
100
5000×2×5
=50×2×5
=500
Answered by
0
Step-by-step explanation:
Principal=5000
Time=2 years
Rate=5%
CI=P[(1+R/100)^T]
=5000[(1+5/100)^2-1]
=5000[(1+1/20^2)-1]
=5000[(21/20)^2-1]
=5000[21/20×21/20-1]
=25×21×21/2-1
=11025/2-1
=11025-2/2
=5512
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