What Will be the compound interest on Rs 5000 at 4% per annum in 2 years?
Answers
Answered by
2
Step-by-step explanation:
1 st
year
Principal, P=Rs.5000
Time, T=1 year
Rate of interest ,R=6%
∴simple Interest, SI=
100
PTR
=
100
5000×10×6
=Rs.300
∴Amount=P+SI=Rs.5300
2nd year
Principal = Amount of 1st year=Rs.5300
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Answered by
1
Answer:
Principal(p) = Rs 5000
Time( t) = 2 year
Rate of interest ,R=4%
Simple Interest ,SI= P×T×R/100
500×20×4/100
RS. 400
;amount =P+SI =5400
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