Tick the correct answer in each of the following: The compound interest on Rs 5000 at $8 %$ per annum for 2 years, compounded annually, is

(a) Rs 800 (b) Rs 825 (c) 832 (d) 850

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Solution

$Principal (P) = Rs. 5000 Rate (R) = 8 % p . a . Period (n) = 2 years Amount (A) = P {(1 + \frac{R}{100})}^{n} = R s . 5000 {(1 + \frac{8}{100})}^{2} = R s . 5000 \times \frac{27}{25} \times \frac{27}{25} = R s .5832 ∴ C.I. = A - P = Rs. 5832 - 5000 = R s . 832 (c)$

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Tick the correct answer in each of the following: The compound interest on Rs 5000 at 8% per annum for 2 years, compounded annually, is (a) Rs 800 (b) Rs 825 (c) 832 (d) 850

Principal (P) = Rs. 5000Rate (R) = 8% p.a.Period (n) = 2 yearsAmount (A) = P (1+R100)n=Rs. 5000(1+8100)2=Rs. 5000×2725×2725=Rs.5832∴ C.I. = A - P = Rs. 5832 - 5000= Rs. 832 (c)

Tick the correct answer in each of the following: The compound interest on Rs 5000 at $8 %$ per annum for 2 years, compounded annually, is

(a) Rs 800 (b) Rs 825 (c) 832 (d) 850

$Principal (P) = Rs. 5000 Rate (R) = 8 % p . a . Period (n) = 2 years Amount (A) = P {(1 + \frac{R}{100})}^{n} = R s . 5000 {(1 + \frac{8}{100})}^{2} = R s . 5000 \times \frac{27}{25} \times \frac{27}{25} = R s .5832 ∴ C.I. = A - P = Rs. 5832 - 5000 = R s . 832 (c)$