Question

what will be compound interest on 5000 for 2 years at 4 percent per annum​

Answer 1

Step-by-step explanation:

No.1-

amount=p(1+r/100)^time

amount=5000(1+4%/100)^2

amount=5000*104/100*104/100

amount=5408

compound interest=5408-5000=408

thus CI=rupees 408

I hope this helps.