Question

Question 29
If the Principal is Rs50000 and 8% is the rate of interest per annum compound annually
a) Find the interest earned in First year
b) What is the principal for 2nd Year
c)What is the interest earned in second year
d) Is First year interest same as second year interest
e) What will be the total interest earned for 2 years if it were simple interest per annum​

Answer 1

Step-by-step explanation:

Ans1- 8%of 50000=4000

Ans2- 1styrCI 2yrCI

4000 4320

Total=8320

Ans3- 2nd year CI=4320

Ans4- no

Ans5- si for 2 years =4000+4000=8000

Answer 2

Answer:

1. 4000

2. 54000

3. 4320

3. 8000