The simple interest on Rs. 5000
at 10% Anuam in given time is 500
Less then principal Rs 6000 at 10%
Anuam in the same time find time interval
Answers
Answered by
0
Answer:
the simple interest on rs=5000_6000=1000×10%=544.23
Answered by
1
Step-by-step explanation:
Principal for the first year = Rs. 10000
Interest for the first year =
Rs \dfrac{10000 \times 5 \times 1}{100} = Rs. 500
[We are using the formula
S.I.=\dfrac{P \times R \times T}{100} ]
\therefore amount at the end of first year = Rs 10000 + Rs. 500 = Rs. 10500
Interest for the second year =
\dfrac{10500 \times 5 \times 1}{100} = Rs. 525
Principal of the second year was Rs. 10500 and so amount at the end of the second year = Rs. 10500 + Rs. 525 = Rs. 11025
So, Compound interest= Rs. (11025 – 10000) = Rs. 1025
Similar questions