Question

. Simple interest for a certain sum of money for 5 years at 8% per annum is Rs.4000. What
will be the compound interest for the same sum at same rate and same period?​

Answer 1

Answer:

4693

Step-by-step explanation:

time =5 year

simple interest=8% per anum

so for 5 year s.i=5×8=40%

and there is mention that total s.i for 5 year is 4000

so 40%=4000

then find 100% that is capital

4000/40 ×100 =10000

so now we find compound interest

at the rate of 8% per year for 5 year is 46.93%

then 1%of 10000 is 100

46.93×100

4693

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