Question

the compound interest on 5000 at 12% p.a for 2 years compounded annually is​

Answer 1

Answer:1272

Step-by-step explanation:

A=P(1+R/100)²

A=5000(1+12/100)²

A=6272

CI=A-P

  =6272-5000

  =1272

Answer 2

The compound interest is Rs 1272.

Step-by-step explanation:

Given: P=5000, r=12% , t=2 years

As we know that, Amount is give by

$\Rightarrow A=P \times \left ( 1+\left ( \frac{r}{100} \right ) \right )^{t}$

$\Rightarrow A=5000 \times \left ( 1+\left ( \frac{12}{100} \right ) \right )^{2}$

$\Rightarrow A=5000 \times \left (  \frac{28}{25} \right )^{2}$

$\Rightarrow A=6272$

Compound interest = A - P

                                 = 6272 - 5000

                                = Rs 1272

The compound interest is Rs 1272.