Question

The compound interest on Rs. 50,000/- at 4% per annum for 2 years compounded annually is___
A] Rs. 4000
B] Rs. 4080
C] Rs. 4280
D] Rs. 4050

Answer 1

$hey \: mate... \\ here \: is \: the \: solution... \\ \\ principal = 50000 \\ time = 2 \: years \\ rate = 4\% \: pa \\ amt. = p( {1 + \frac{r}{100} })^{t }$
=> amt. = 50000(1+4/100)^2
=> amt.= 50000×26×26/25×25
=>amt. = 54080

:. C.I.= Rs. (54080-50000)
= Rs. 4080

:. option B is the correct answer!!

I hope it helps you...
Please mark it brainliest!!

Answer 2

Answer:

4080

Step-by-step explanation:

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

Since it is compounded anually we use the formula

   A = P(1 + r/100)^n   P = 50,000, r = 4%, n = 2 yrs

   A = 50000(1 + 4/100)^2

  A = 50,000(104/100)^2

  A = 50,000 x 104/100 x 104/100

  A = Rs 54,080

C.I = A - P

   = 54,080 - 50,000

I = Rs 4080

Option (B) is correct