The compound intrest on 5000 at 12%for 1 year
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5001.12 is the answer of this question
manya48:
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Answered by
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A = P[1+r/100]^n
A = 5000*[ 1 + 12/100]^1 = 5000*112/100 = 5600
Hence, C.I = A-P = 600 Rs.
Alternatively:
since the year is '1', u can also find the interest directly(C.I for 1st year is always same as S.I for 1st year)...
C.I = 5000*12/100 = 50*12 = 600 Rs.
Hope it helps.
A = 5000*[ 1 + 12/100]^1 = 5000*112/100 = 5600
Hence, C.I = A-P = 600 Rs.
Alternatively:
since the year is '1', u can also find the interest directly(C.I for 1st year is always same as S.I for 1st year)...
C.I = 5000*12/100 = 50*12 = 600 Rs.
Hope it helps.
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