Question

The compound interest on Rs.1000
for 1 years at 5 % p.a is​

Answer 1

Answer:

50 Rupees

Step-by-step explanation:

P = 1000/-

R = 5%

T = 1 year

Amount = P ( 1 + R/100 )n

= 1000 ( 1 + 5/100 )1

= 1000 × 105/100

= 1050 rs.

C.I. = A - P

= 1050 - 1000

= 50 rupees.

Thus Compound Interest = 50₹

Hope It Helps You!!