Math, asked by PandaGirlYT, 4 months ago

The interest on a sum of Rs 5000 for 2 years at the interest rate 4% is

Answers

Answered by CutieBun01
1

Answer:

Answer

1

st

year

Principal, P=Rs.5000

Time, T=1 year

Rate of interest ,R=6%

∴simple Interest, SI=

100

PTR

=

100

5000×10×6

=Rs.300

∴Amount=P+SI=Rs.5300

2nd year

Principal = Amount of 1st year=Rs.5300

Rate of interest =8%

Time =1 year

∴ Interest =

100

5300×1×8

=Rs.424

∴ Amount =Rs.(5300+424)=Rs.5724

The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724

Answered by behltaramaya
1

Answer:

₹400

Step-by-step explanation:

p= ₹5000

r= 4%

t=2 years

S.I = p*r*t/100

= 5000*4*2/ 100

=₹400

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