Question

Preeti invested ₹50000 at 8% per annum for first and second years and the interest is compounded annually . calculate the interest for the first and second year

Answer 1

1 year = 50,000×8/100 = 4,000/-  2nd year = 50,000+4,000 =54,000×8/100 = 4320/-

Answer 2

p= 50000

R=8%

T=1 year

SI=[P*T*R] /100    =[50000*8*1]/100  = 500*8*1=   RS 4000

the interest for the first =RS 4000 ANS    [1]

PRINCIPAL FOR SECOND YEAR =50000+4000=RS 54000

SI  FOR SECOND YEAR

SI=[P*T*R] /100    =[54000*8*1]/100  = 540*8*1 =   RS 4320

the interest for the SECOND =RS 4320 ANS    [2]