Question

What will be the compound interest on rs4000 in two years when rate of interest is 5% per annum

Answer 1

⬇️HEY MATE HERE IS YOUR ANSWER ⬇️

Principal = Rs. 4000
Rate = 5% per annum
Time = 2 years
Amount = Principal ×(1+R/100)T
= 4000× (1+5/100)2
= 4000× 105×105/100×100
= 4×105×105/10
= 44100/10
= 4410
Amount = Rs. 4410
Compound Interest = Amount - Principal
= Rs. 4410 - Rs. 4000
= Rs. 410
So, Compound Interest = Rs. 410

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