Question

Rakhi lent ₹ 5000 to Jyoti at the rate of
$8 \frac{1}{3}$
per annum compound interest. Find the amount payable by Jyoti to Rakhi after 2 years.

Give full explanation and as quick as possible...
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Answer 1

Answer:

Jyoti has to pay rupees 5868.05 to rakhi after 2 years.

Step-by-step explanation:

amount = p(1+r/100)

=5000(1+25/3/100)2

=5000(1+25/300)2

=5000(300+25/300)2

=5000(325/300)2

=5868.05 rupees

answer = jyoti has to pay rupees 5868.05 to rakhi after 2 years.