Question

If Principal (P)= Rs. 5,000, Rate of Interest (R) = 4 p.c.p.a. and number of years (N) = 2 Years than, compound interest is *​

Answer 1

Answer:

Given

P= 5000

R= 4%

Time=2years

Amount= p(1+r/100)n

             = 5000(1+4/100)2

             =5000(26/25)2

             =5000*676/625

             =5408

Coumpound interest= A-p

                                 = 5408-5000

                                  =408

so compound interest is Rs 408

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