*Rs. 52000 amounts to Rs. 57600 at 10% rate compounded anually in 2 ye

1.	Rs. 52000 amounts to Rs. 57600 at 10% rate compounded anually in 2 years. Find the compound interest?1️⃣ ₹ 20002️⃣ ₹ 500003️⃣ ₹56004️⃣ ₹ 52600
Answer» Solution:- ━━━━━━━━━━━━━━━━━━━━━━━━━━ $\large\to{\underbrace{\underline{\sf{Understanding\:the\:concept:-}}}}$ $\implies$ Here it is GIVEN in the question that the PRINCIPAL, amount, rate and TIME is Rs. 52,000, Rs. 57,600, 10% and 2 years RESPECTIVELY. Now, the question has asked us to find out the compound interest. As amount is given, so to find the compound interest we simply need to subtract the principal from the amount and we will easily get the compound interest. ANSWER:- ❖ The compound interest is Rs. 5,600. Option C is correct. GIVEN:- ➯ Amount = Rs. 57,600 ➯ Principal = Rs. 52,000 ➯ Rate = 10% ➯ Time = 2 years TO FIND:- ↬ Compound Interest = ? FORMULA:- ↝ Compound Interest = Amount - Principal SOLVING BY APPLYING THE FORMULA:- ➯ Amount = Rs. 57,600 ➯ Principal = Rs. 52,000 ➯ Rate = 10% ➯ Time = 2 years ↝ Compound Interest = Amount - Principal Finding the compound interest:- » CI = 57,600 - 52,000 » CI = 57,600 - 52,000 = 5,600 » CI = Rs. 5,600 Thus, we got the answer. The compound interest is Rs. 5,600. ━━━━━━━━━━━━━━━━━━━━━━━━━━

Rs. 52000 amounts to Rs. 57600 at 10% rate compounded anually in 2 years. Find the compound interest?1️⃣ ₹ 20002️⃣ ₹ 500003️⃣ ₹56004️⃣ ₹ 52600

Answer»

Solution:-

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$\large\to{\underbrace{\underline{\sf{Understanding\:the\:concept:-}}}}$

$\implies$ Here it is GIVEN in the question that the PRINCIPAL, amount, rate and TIME is Rs. 52,000, Rs. 57,600, 10% and 2 years RESPECTIVELY. Now, the question has asked us to find out the compound interest. As amount is given, so to find the compound interest we simply need to subtract the principal from the amount and we will easily get the compound interest.

ANSWER:-

❖ The compound interest is Rs. 5,600. Option C is correct.

GIVEN:-

➯ Amount = Rs. 57,600

➯ Principal = Rs. 52,000

➯ Rate = 10%

➯ Time = 2 years

TO FIND:-

↬ Compound Interest = ?

FORMULA:-

↝ Compound Interest = Amount - Principal

SOLVING BY APPLYING THE FORMULA:-

➯ Amount = Rs. 57,600

➯ Principal = Rs. 52,000

➯ Rate = 10%

➯ Time = 2 years

↝ Compound Interest = Amount - Principal

Finding the compound interest:-

» CI = 57,600 - 52,000

» CI = 57,600 - 52,000 = 5,600

» CI = Rs. 5,600

Thus, we got the answer. The compound interest is Rs. 5,600.

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