Harish lend an amount of 5000 to his nephew for 2 year at the rate of 5% compound annually find the amount he receives after 2 year
Answers
Answered by
14
a=p(1+r/100)^n
=5000(1+5/100)^2
=5000(105/100)^2
=5000 * 441/400
=50 * 441/4
=25 * 441/2
=11025/2
a=5512.5
=5000(1+5/100)^2
=5000(105/100)^2
=5000 * 441/400
=50 * 441/4
=25 * 441/2
=11025/2
a=5512.5
Answered by
4
Answer:
5512.5
Step-by-step explanation:
a=p(1+r/100)^n
=5000(1+5/100)^2
=5000(105/100)^2
=5000 * 441/400
=50 * 441/4
=25 * 441/2
=11025/2
a=5512.5
HOPE IT HELPS...
Similar questions