Question

The compound interest on Rs 50,000 at 4% per annum for 2 years
compounded annually is

Answer 1

ANSWER

We have,

P=Rs. 50,000

T=2 years

R=4%

C.I=?

We know that

A=P(1+100R)T

A=P+C.I

Therefore,

50000+C.I=50000(1+1004)2

C.I=50000(1+251)2−50000

C.I=50000(2526)2−50000

C.I=50000×(2526×2526)−50000

C.I=80×26×26−50000

C.I=54080−50000

C.I=Rs. 4080

Hence, this is the answer

Answer 2

We have,

P=Rs. 50,000

T=2 years

R=4%

C.I=?

We know that

A=P(1+100R)T

A=P+C.I

Therefore,

50000+C.I=50000(1+1004)2

C.I=50000(1+251)2−50000

C.I=50000(2526)2−50000

C.I=50000×(2526×2526)−50000

C.I=80×26×26−50000

C.I=54080−50000

C.I=Rs. 4080

Hence, this is the answer.

Answered By

toppr