Question

Rashmi lends an amount of 10,000 to her
friend Wasima for 2 years, at the rate of 5%
compounded annually. Find the amount she
receives after 2 years.​

Answer 1

Given:

Rashmi lends amount,

P = 10,000

Rate,

R = 5%

Time,

n = 2 years

To Find:

The amount Rashmi  receives after 2 years = ?

Solution:

As we know,

⇒  $Amount = P (1+\frac{R}{100})^n$

On substituting the given values in the above formula, we get

⇒                $=10000(1+\frac{5}{100})^2$

⇒                $=10000\times \frac{441}{400}$

⇒                $=25\times 441$

⇒                $=11,025$

So the amount received by Rashmi will be "₹ 11,025".

Answer 2

Explanation:

here you go for.......