Question

What will be the compound interest on Rs5000 at 4% per annum in 2 years​

Answer 1

Step-by-step explanation:

Given, P=5000

R=4%

T=2 years

Amount A=P(1+  100 /R )^ T

 

A=5000(1+ 4/100 )^2

   =5000×( 104/100 )^2

   =Rs.5408

Compound interest =A−P

                                  =5408−5000=Rs.408