Question

what is the compound interest on Rs.15,000 for 2 years at 5% per annum compounded annually
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Answer 1

Question :-

• what is the compound interest on Rs.15,000 for 2 years at 5% per annum compounded annually

Answer :-

• Compound interest = 18,150

Given :-

• P = Rs.15,000

• T = 2 years

• R = 10 %

To find :-

• Compound interest = ?

Solution :-

$\large\overline{\underline{ \boxed{ \bf \red{Formula \: used}}}}$

${{\boxed{\large{\bold{ \implies A = P \times {\bigg(1 + \frac{R}{100} \bigg)}^{T} }}}}}$

$\large\implies \bf A = 15000 \times { \bigg(1 + \dfrac{10}{100} } \bigg)^{2}$

$\large \implies \bf A = 15000 \times {\bigg( \dfrac{11}{10} \bigg)}^{2}$

$\large \implies \bf A = 150 \cancel{00} \times { \dfrac{121}{1 \cancel{00}} }$

$\\ \large \implies \bf A = 150 \times 121 = 18150$