Question

R
Find the amount and the compound interest on 1000 for 2 years at 5% per annum
compounded annually.
ng
Find the amou​

Answer 1

Answer:

In this answer....10% per annum is given...so ...for your answer do accordinly

Step-by-step explanation:

Here, Principal P = Rs. 1000

R =10% per annum and n=2 years

∴ Amount after 2 years = P (1+

200

R

)

2n

= Rs. 1000×(1+

200

10

)

2×2

=Rs.1000×(1+

20

1

)

4

=Rs.1000×(

20

21

)

4

= Rs.1000×

20

21

×

20

21

×

20

21

×

20

21

=Rs.1215.50

Hence, compound interest = Amount - Principal

=Rs.1215.50−Rs.1000=Rs.215.50

Answer 2

Answer:-

given,

Principal=1000

Time=2years

Rate=5%

A=1000(1+5/100)^2

1000×105/100×105/100

= 21×105/2

=2205/2=1102.5

I=A-P

1102.5-1000

=102.5