Question

You invested Rs.5000 at 12% interest compounded annually. How much is in the account after 2 years, assuming that you make no subsequent withdrawal or depo

Answer 1

Step-by-step explanation:

Let A = Amt

P = Principal = 5000

R = Rate of interest = 12%

n = Number of years = 2 years

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Answer 2

Question :

You invested Rs.5000 at 12% interest compounded annually. How much is in the account after 2 years, assuming that you make no subsequent withdrawal or deposit ?

Given :

Let A = Amount.

P = Principal = 5000

R = Rate of interest = 12%

n = Number of years = 2 years

To find :

Amount with compund interest.

Solution :

$A \: = P \: (1 + \frac{R}{100} ) {}^{n}$

$A = 5000(1 + \frac{12}{100} ) {}^{2}$

$A = 5000( \frac{100 + 12}{100}) {}^{2}$

$A = 5000( \frac{112}{100})^{2}$

$A = 50 \: \times {112}^{2}$

$A = 50 \: \times 12544$

$\large \boxed{ \red{ A = Rs \: 627200 }}$

Final answer :

Amount with compound interest is Rs 627200.

Thank you.