Question

➢Question:​

A sum of Rs. 1000 is invested for 5 years at rate of 12% per annum. Find compound interest and due amount

➢Don't slam my question I will warned:​

Answer 1

Question:-

A sum of Rs. 1000 is invested for 5 years at rate of 12% per annum. Find compound interest and due amount

Required Answer:-

Given:-

• Principal amount = Rs.1000
• Time = 5 years
• Rate of interest = 12%
• Compounded annually

To Find:-

• Compound interest
• Due amount

Solution:-

We know that:-

• A = P (1 + R/100)^T

Where,

• A = Amount
• P = Principal Amount
• R = Rate of interest.
• T = Time

We have,

• Principal amount P = Rs.1000
• Rate of interest R = 12%
• Timke T = 5 years

Substituting the values:-

• Amount A = 1000(1 + 12/100)^5
• → Amount A = 1000 (1 + 0.12)^5
• → Amount A = 1000 x (1.12)^5
• → Amount A = 1000 x 1.7623416832
• → Amount A = 1,762.3416832
• → Amount A = Rs.1,762.34

• Hence, the due amount is Rs.1,762.34

Again,

We know that:-

• CI = A - P

Where,

• CI = Compound Interest
• A = Amount
• P = Principal Amount

We have,

• Amount A = Rs. 1,762.34
• Principal amount P = Rs. 1000

Substituting the values:-

• Compound Interest CI = A - P
• → Compound Interest CI = 1,762.34 - 1000
• → Compound Interest CI = 762.34
• → Compound Interest CI = Rs.762.34

• Hence, compound interest is Rs.762.34

Final Answer:-

⋆ Therefore , the amount is Rs. 1762.34 and the compound interest is Rs. 762.34.

Answer 2

Answer:

Rs 762.34 is your answer okay good morning