Question

the compound interest on 5000 at 10% per annum for 2 years is
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Answer 1

Step-by-step explanation:

P = ₹5000

R = 10%

T = 2 yrs

Assumption: Let the Amount be A and the Compound Interest be C.I.

A = P{1 + (R/100)}^n

= 5000{1 + (10/100)}²

= 5000{1 + (1/10)}²

= 5000{(10 + 1)/10}²

= 5000(11/10)²

= 5000 × 11/10 × 11/10

= ₹6050

A = P + C.I.

=> ₹6050 = ₹5000 + C.I.

=> ₹6050 - ₹5000 = C.I.

=> ₹1050 = C.I.

So, the compound interest on ₹5000 for 2 years at the rate of 10% is ₹1050 .

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Answer 2

Answer:

So This might be the answer