Question

Rahul takes a loan of rupees 5000 at a compound interest rate of 10% per annum find the compound interest for 2 years​

Answer 1

Answer:

hope its helpful to you.

Answer 2

Answer

₹5500 is the amount

According to the questions,

~~Formula used

$\red{\underline{\underline{ \pink{\boxed{ \sf{A = p {(1 + \frac{r}{100} ) }}^{n} }}}}}$

• Here Principal = ₹5000
• Rate = 10%
• N= No. of time
• Amount =??

Solution

$: \implies \mathfrak{\: 5000 {\bigg(1 + \frac{10}{100} \bigg)}^{2} }$

$: \implies \mathfrak{5000 \times \frac{11}{100} }$

$\large \sf \red{ : \implies rs \: 5500}$

The amount is Rs 5500