Question

the compound interest on rs.5000 at 8% per annum for 2 year , compounded annually

Answer 1

I1 = (5000×8×1)/100

I1 = 50×8

I1 = Rs 400

Amount = 5000+400=5400

Principal of second year = Rs 5400
______


I2 = (5400×8×1)/100

I2 = 54×8

I2 = Rs 432

Amount = 5400 +432

Amount = 5832



Compound interest = 5832 - 5000

Compound interest = Rs 832




I hope this will help you



-by ABHAY

Answer 2

p= 5000

r=8%

t=2 yrs

A = P (1+ r /100)^

5000 (1+8/100)^

5000×108/100 × 108/100

=5832
interest = amount -p

5832-5000
832



the interest is rs.832




hope it helped uuu frnd.......