Question

pradeep invests a certain amount for 5 years at 12 percent compound intersetand at end of 2 years it amounts to rupees 10035.20.calculate the following . amount invested is 8000. then find
the interest earned in five year.​

Answer 1

Step-by-step explanation:

Amount =P(1+ r/100 ) t

∴5600=5000(1+r/ 100 )

56/50 =1+ r/100

⇒6 /50 = r/100

⇒r=12

Amount after two years = 5000(1+ 12/100 ) ²

=5000(1+ 3/25)²

= 5000×28×28/25×25

=6272