Question

What would be the amount by compound interest if Rs. 5000 is invested at 5% p.a. for 2 years?
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Answer 1

Compound Interest=512.5 rs

For step by step explanation see attachment.

Answer 2

Step-by-step explanation:

P=5000

R=5%

Time=2years

C.I=A-P

SO,

A=p(1+r/100)²

A=5000(1+5/100)²

A=5000x21/20x21x20

A=11025/2

A=5512.5

C.I=5512.5-5000

=512.50