Question

Q.14] What would be the amount by compound interest if Rs. 5000 is invested at 5% p.a.​

Answer 1

Answer:

Step-by-step explanation:

Given: P=5000,R=8%, T=2 years

Amount=P×(1+
100
R
​
)
T

=5000×(1+
100
8
​
)
2

=5000×(1.08)
2
=5832

CI=Amount–Principle=5832–5000=832


∴ Amount is Rs.5832 and compound interest is Rs.832