Question

if man borrowed 5000 at 10%for 1 year find compound interest ​

Answer 1

Step-by-step explanation:

here P = 5000

r = 10%

n= 1

CI = P ×

$(1 + \frac{r}{100 } )$

5000× 1+

$\frac{10}{100}$

=5000×11/10 = 5500

the compound interest is (5500-5000) = 500 rupees.

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