Question

what is the compound interest on rs. 500 at 5% per annum for 1year.​

Answer 1

P=₹500
R=5% p.a.
T=1 yr

A=P[1+r/100]n
=500[1+5/100]1
= 500[21/20]
= 500*21/20
= 25*21
= ₹525
C.I = A-P
= 525-500
= ₹25

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Answer 2

Step-by-step explanation:

price=₹500

R=5%

T =1 year

A=P[1+r/100]n

=500[1+5/100]1

=500[21/20]

=500*21/20

=25*21

=₹525.

CI=A-P

=525-500

=₹25.