Question

find the compound interest on rupees 1000 at 5% per annum for 1 year compounded annually​

Answer 1

Answer:

Give,

principal = 1000

Rat of interest =5%

Time =1 year

we know,

= P×T×R/100

A.T.Q

=1000×5×1/100

= 50

=50+1000

=1050

Amount =1050

C.I = 1050 _ 1000

= 50

Answer 2

Compound interest  rate will be Rupees 50.

Step-by-step explanation:

Given:

In 1 year compounded annually , rupees 1000 at 5% per annum.

To Find;

Compound interest rate.

Formula Used:

$A=M(1+\frac{p}{100} )^{q}$       ---------------------  formula no.01

A=M+C   -------------------------------------- formula no.02

A =  total amount of money after compounding period

M= the original amount or initial amount

p=  the annual interest rate

q =  the number of years

C = Compound Interest

Solution:

As given : In 1 years compounded annually , rupees 1000 at 5% per annum.      M =  Rupees 1000 ,    p=5%   ,  q= 1 year

Applying formula no. 01.

$A=M(1+\frac{p}{100} )^{q}$

$A=1000(1+\frac{5}{100} )^{1}$

$A=1000(\frac{105}{100} )$

$A=\frac{1000\times105}{100}$

$A= 1050$

Applying formula no. 02.

$A=M+C$

$1050=1000+C$

$C=1050 -1000$

$C=50 \ Rupees$

Thus, compound interest rate will be Rupees 50.