Question

rs 200 was got as intrest from a bank for 2 years at the rate 5%. compute the compound intrest for the same principle 2 years at the same rate of inttest​

Answer 1

Answer:

• SI = Rs. 200
• Time = 2 years
• Rate = 5%

• According to the Question :

Simple Interest for each year = Rs. 200/2 = Rs. 100

•________•________•

⠀ Rs. 100⠀⠀ Rs. 100

⠀⠀⠀⠀⠀⠀⠀Rs. 100 × 5/100 = Rs. 5

• As SI & CI of first year remains same.

⇒ CI = Rs. 100 + Rs. 100 + Rs. 5

⇒ CI = Rs. 205