Question

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

Answer 1

Step-by-step explanation:

this is the required answer

Answer 2

Given :

⬤ Principal = Rs. 15000

⬤ Rate of Interest = 5%

⬤ Time Taken = 2 years

To Find :

⬤ Compound Interest .

Formula Used :

$\sf[\:{Amount=P\:\bigg(1+\dfrac{r}{100}\bigg)^{t}\:]}$

• P = Principal
• R = Rate of Interest
• T = Time

Solution :

According to the Formula :

$\dashrightarrow\sf{A=15000\:\bigg(\dfrac{1}{1}\dfrac{5}{100}\bigg)^{2}}$

$\dashrightarrow\sf{A=15000\:\bigg(\dfrac{100+5}{100}\bigg)^{2}}$

$\dashrightarrow\sf{A=15000\:\bigg(\dfrac{105}{100}\bigg)^{2}}$

$\dashrightarrow\sf{A=15000\:\bigg(\dfrac{11025}{10000}\bigg)}$

$\dashrightarrow\sf{A=\dfrac{33075}{2}}$

$\dashrightarrow\sf{A=16537.5}$

Therefore , Amount is 16537.5 .

Formula Used :

$\sf[\:{Compound\:Interest=Amount-Principle}\:]$

Now :

According to the Formula :

16537.5 - 15000

1537.5

Therefore , Compound Interest is 1537.5 .