p=500 r= 10% p.a t= 2 find ci
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HERE'S YOUR ANSWER FRIEND,
GIVEN : QUESTION,
✏✏
==> p (PRINCIPAL) = 500
r( rate of interest) = 10%
Time = 2 years
WE KNOW,
FORMULA FOR COMPOUND INTEREST,
==> AMOUNT = p( 1 + r/100 )^t
==> AMOUNT = 500( 1 + 10/100)²
==> AMOUNT = 500( 1 + 1/10)²
==> AMOUNT = 500(11/10)²
==> AMOUNT = 605
NOW, COMPOUND INTEREST
= AMOUNT - PRINCIPAL
==> 605 - 500
==> 105
IS THE REQUIRED ANSWER.
HOPE IT HELPS YOU
HERE'S YOUR ANSWER FRIEND,
GIVEN : QUESTION,
✏✏
==> p (PRINCIPAL) = 500
r( rate of interest) = 10%
Time = 2 years
WE KNOW,
FORMULA FOR COMPOUND INTEREST,
==> AMOUNT = p( 1 + r/100 )^t
==> AMOUNT = 500( 1 + 10/100)²
==> AMOUNT = 500( 1 + 1/10)²
==> AMOUNT = 500(11/10)²
==> AMOUNT = 605
NOW, COMPOUND INTEREST
= AMOUNT - PRINCIPAL
==> 605 - 500
==> 105
IS THE REQUIRED ANSWER.
HOPE IT HELPS YOU
Answered by
11
Amount =
![principal \times ( { \frac{rate}{100} + 1})^{time} principal \times ( { \frac{rate}{100} + 1})^{time}](https://tex.z-dn.net/?f=principal+%5Ctimes+%28+%7B+%5Cfrac%7Brate%7D%7B100%7D+%2B+1%7D%29%5E%7Btime%7D+)
![500 \times( 1 + \frac{10\%}{100} )^{2}<br /> 500 \times( 1 + \frac{10\%}{100} )^{2}<br />](https://tex.z-dn.net/?f=500+%5Ctimes%28+1+%2B+%5Cfrac%7B10%5C%25%7D%7B100%7D+%29%5E%7B2%7D%3Cbr+%2F%3E+)
![500 \times ( \frac{1}{100} + 1) ^{2} 500 \times ( \frac{1}{100} + 1) ^{2}](https://tex.z-dn.net/?f=500+%5Ctimes+%28+%5Cfrac%7B1%7D%7B100%7D+%2B+1%29+%5E%7B2%7D+)
![500 \times (\frac{1\ + 11}{10} )^{2} 500 \times (\frac{1\ + 11}{10} )^{2}](https://tex.z-dn.net/?f=500+%5Ctimes+%28%5Cfrac%7B1%5C+%2B+11%7D%7B10%7D+%29%5E%7B2%7D+)
![500 \times (\frac{11}{10})^{2} 500 \times (\frac{11}{10})^{2}](https://tex.z-dn.net/?f=500+%5Ctimes+%28%5Cfrac%7B11%7D%7B10%7D%29%5E%7B2%7D+)
![500 \times \frac{11}{10} \times \frac{11}{10} 500 \times \frac{11}{10} \times \frac{11}{10}](https://tex.z-dn.net/?f=500+%5Ctimes+%5Cfrac%7B11%7D%7B10%7D+%5Ctimes+%5Cfrac%7B11%7D%7B10%7D+)
605 is amount.
Compound Interest = Amount - Principal
C I = ₹605 - ₹500
C I = ₹105 .
605 is amount.
Compound Interest = Amount - Principal
C I = ₹605 - ₹500
C I = ₹105 .
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