Question

principal 1000
Rate 5 percent
Time 1 year found compund interest​

Answer 1

*1050*

Step-by-step explanation:

CI = p(r/100)^n

= 1000(5/100)^1

= 1000×105/100

= 1050

Answer 2

Answer:

compound interest ( amount ) = p( 1+ r/100)^n

principal = 1000

rate ...r = 5 % pcpa

no.of year n = 1

substituting this value in equation

(amount )CI = p(1+r/100)^n

(amount )CI = 1000(1+5/100)^1

(amount )CI = 1000(105/100) { eliminating 0 from 100 and 1000 }

CI = 10 × 105

(amount )CI = 1050

Compound interest = amount - principal

CI = 1050 - 1000

CI = 50

compound interest is ₹50 for 1 year over ₹1000.