Question

Jia deposited Rs 4000 in a bank to earn intrest at the rate of 9-1-2% PER ANNUM. Find the amount which Jia will get from the bank alter 2 years when intrest being compounded annually. How much is the compound intrest.

Answer 1

Given
P=₹4000
R=9-1/2%= 9.5%

Time =2yr

A=p(1+r/100)^t

A=4000(1+9.5/100)²

A=4000x(109.5/100)²

A=₹4796.1

Ci=A-P

Ci=4796.1-4000

Ci=₹796.1

This is ur ans hope it will help you in case of any doubt comment below