Question

Find the compound interest on the following,
Principal
Rate% p.a.
Number of years
* 10000
12%
2
5000
10%
2.
2​

Answer 1

Step-by-step explanation:

p=5000

R=10%

T=2years

Amount=p(1+R:100)^n

=5000(1+10:100)^2

=5000(11:10)

=5000(11:10)(11:100)

=6050

CI=A-P

=6050-5000

=1050