Question

The compound interest o Rs/- 5000 at 8% per annum for one year compounded annually is

Answer 1

Answer:

Calculate:

Total P+I (A)

Where: A = P(1 + r/n)^(nt)

Principal (P): $ 5,000.00

Rate (R): % annual 8

Compound (n): Compounding Annually (1/Yr)

Time (t in years): 1

Answer:

A = $ 5,400.00

A = $ 5,400.00A = P + I where

A = $ 5,400.00A = P + I whereP (principal) = $ 5,000.00

A = $ 5,400.00A = P + I whereP (principal) = $ 5,000.00I (interest) = $ 400.00