Question

find the amount and the compound interest on rupees 10000 for 2 years at 5% per annum compounded annually​

Answer 1

Amount = 11205

CI = 1205

Explanation:

`a = p(1 + (r)/(n) ) {}^(nt)`

Here,

p = 10000

r = 5% = 5/100 = 0.05

n = 1

t = 2

`a = 10000(1 + (0.05)/(1) ) {}^(1 * 2)`

`a = 10000(1.05) {}^(2)`

`a = 10000(1.1025)`

`a = 11205`

C.I = a - p

C.I = 11205 - 10000

C.I = 1205

Answer 2

11025

Explanation:

100+5÷100=1.05 squared

10000x1.05squared=11025