Question

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

Answer 1

Answer:

$p = 1000 \\ r = 5\% \\ n = 1 \\ \\ a = p(1 + \frac{r}{100} ) \\ = 1000(1 + \frac{5}{100}) \\ = 1000( \frac{105}{100} ) \\ = 1000 \times \frac{105}{100} \\ = 1050rs. \\ ci = a - p \\ ci = 1050 - 1000 \\ = 50rs.$

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