Harish lends and amount of rupees 5000 to his newphew for 2 years at the rate of 5% compounded annually. find the amount he receives after 2 years
janani403:
pl answer anyone
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Principal = 5000
Rate = 5%p.a.
Time = 2 years
A= p(1+r/100)↑t
A= 5000(1+5/100)↑2
A = 5000(105/100)↑2
A = 5000×105/100×105/100
A=5512.5
Rate = 5%p.a.
Time = 2 years
A= p(1+r/100)↑t
A= 5000(1+5/100)↑2
A = 5000(105/100)↑2
A = 5000×105/100×105/100
A=5512.5
you are right
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