Question

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HEYA \/ 50 POINTS


Find the compound interest if,
Deposit = 1000.
Rate of Interest = 10% per year.
Time = 5 years.






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Answer 1

Answer:

=>1000+146.41

=>1146.41

Step-by-step explanation:

SI=P×R×T/100

1st year=1000×10×1/100=100

2nd year=1100×10×1/100=110

3rd year=1210×10×1/100=121

4th year=1331×10×1/100=133.1

5th year=

1464.1×10×1/100=146.41

Answer 2

Answer:

Compound interest=P(1+r/100)ⁿ

Step-by-step explanation:

P=₹1000

n=5 years

R=10%

C.I=1000(1+(10)/100)raise to power 5.

=1000(11/10)raise to power 5

{11 raise to power 5=161051

10 raise to power 5=100000}

=1000*161051/100000

=161051/100

₹1610.51

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