1.

Find the compound interest on 5000 for 2 years when the rate of interest is 10% per annum​

Answer»

Principle = 5000

Time = 2 years

Rate of INTEREST = 10%

Amount = ?

CI = ?

we KNOW,

  • A = P [1+R/100]^n

  • Therefore, Compound Interest is Rs. 1050.

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