the present value of rupees 10000 in 2 years at 5% per annum CI when the interest is paid or not really base
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Answer:
hey mate
Step-by-step explanation:
P = 10000
t = 2year
r = 5%
amount = P(1+r/100)^t
= 10000(1+5/100)^2.
= 10000(1+1/20)^2
= 10000(21/20)^2 = 11,025
C.I = amount-P = 11025-10000= 1025
hope it help u
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