find the interest and amount on rs.4000 for 5 years at 10% per annum
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Answered by
3
Answer:
A=P(1+r100)n⇒A=4000(1+10100)2⇒A=P(1+110)2⇒A=4000(1110)2⇒A=4000×121100⇒A=4840 Rs. Hence the amount after 2 years will be 4840 and it'll only work as the principal amount for simple interest. The formula for the simple interest is = PRT100, where P is the principal amount, R is the rate of interest, and T is time spam.
Step-by-step explanation:
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Answered by
0
Answer:
Principal = rs. 4000
time = 5 years
Rate = 10%
Amt = p(1+r/100)n
Amt = 4000(1+10/100)⁵
= 4000(1+10/100)⁵
= 4000(100+10/100)⁵
= 4000(110/100⁵)
= 4000×110/100×110/100×110/100×110/100×110/100
= 64,420.4 ans
C.I = Amt - Principal
= 64,420.4-4000
= 60,420.4 ans.
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