Question

find the interest compound annually. principal=50000,percentage=11%per annum,time=2 years​

Answer 1

Answer:

here it is

Step-by-step explanation:

1 ₹550.00 ₹550.00 ₹5,550.00

2 ₹610.50 ₹1,160.50 ₹6,160.50

here u go

Answer 2

As we know,

Amount =P*(1+r/100)^n

P=50000,%=11%pa time=2years

Putting these values we have

50000*(1+11/100)^2

=50000*(100+11/100)^2

=50000*111/100*111/100
=111*111*5

=61605/-

Now compound interest = amount -principle
= 61605-50000
= ₹11605

Therefore the compound interest is ₹11605