Question

p=50,000 Rs R=5 p.c.p.a N = 2 year find compond interest​

Answer 1

Answer:

₹5,125

Step-by-step explanation:

Principal (P) = ₹50,000

Rate (R) = 5%

Time (n) = 2 years

Amount (A) = P (1 + R/100)ⁿ

=> A = 50,000 (1 + 5/100)²

=> A = 50,000 (21/20) (21/20)

=> A = ₹55,125

Compound Interest = A-P = ₹55,125 - ₹50,000 = ₹5,125