Question

*Rs. 52000 amounts to Rs. 57600 at 10% rate compounded anually in 2 years. Find the compound interest?*

1️⃣ ₹ 2000
2️⃣ ₹ 50000
3️⃣ ₹5600
4️⃣ ₹ 52600​

Answer 1

Solution:-

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$\large\to{\underbrace{\underline{\sf{Understanding\:the\:concept:-}}}}$

$\implies$ Here it is given in the question that the principal, amount, rate and time is Rs. 52,000, Rs. 57,600, 10% and 2 years respectively. Now, the question has asked us to find out the compound interest. As amount is given, so to find the compound interest we simply need to subtract the principal from the amount and we will easily get the compound interest.

ANSWER:-

❖ The compound interest is Rs. 5,600. Option C is correct.

GIVEN:-

➯ Amount = Rs. 57,600

➯ Principal = Rs. 52,000

➯ Rate = 10%

➯ Time = 2 years

TO FIND:-

↬ Compound Interest = ?

FORMULA:-

↝ Compound Interest = Amount - Principal

SOLVING BY APPLYING THE FORMULA:-

➯ Amount = Rs. 57,600

➯ Principal = Rs. 52,000

➯ Rate = 10%

➯ Time = 2 years

↝ Compound Interest = Amount - Principal

• Finding the compound interest:-

» CI = 57,600 - 52,000

» CI = 57,600 - 52,000 = 5,600

» CI = Rs. 5,600

Thus, we got the answer. The compound interest is Rs. 5,600.

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Answer 2

★ Given :

• Amount = ₹ 57000

• Principal = ₹ 5200

• Rate = 10%

• Time = 2 years.

★ To find :

• Compound interest

★ Solution :

It is given to find the compound interest. and Principal, Amount, Rate of interest and Time. By using the formula of C.I we will find the Compound interest

✪ Now Let's Find ✪

C.I = Amount - Principal

➤ 57600 - 52000

➤ ₹ 5600

_____________

✰Verification :

Amount = C.I + Principal

➛57600 = 5600 + 52000

➛57600 = 57600

✰Hence Verified✔

The Correct Option is 3.) ₹ 5600.

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