Question

Principal= Rs 10000 Rate(p.c.p.a)= 5 Duration=1 Amount=?​

Answer 1

The amount will be Rs10500
First we find the interest by p*r*t/100 and then we add interest and principal to find the amount

Answer 2

Answer:

Given - Principal = Rs. 10000

Rate of interest = 5 p.c.p.a

Duration or number of years = 1 year

Therefore, Amount = P ( 1+R/100)^N

Amount = 10000 ( 1+ 5/100)^1

Amount = 10000 (105/100)^1

Amount = 10000× 105/100 (I have simplified here 2 zeros of 10000 and 100 get canceled)

Amount = 100×105

Amount = 10500

Answer= Amount = Rs. 10,500

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