What is the difference between amount for 2 years and 3 years for Rs.

1.	What is the difference between amount for 2 years and 3 years for Rs. 500 at 10% compound interst?
Answer» ong>S.I. = 500 r = 5% t = 2 years Before FINDING C.I. we have to find the sum or principal; Apply formula; Principal = APTI Compound interest37 Principal = Apti Compound interest38= Rs. 5000 Now we have to find the Amount; Apply formula; Amount =Apti Compound interest39 Amount = 5000 Apti Compound interest Apti Compound interest *= 5000 1.05 * 1.05 = Rs. 5512.5 C.I. = Amount - Principal C.I. = 5512.5 - 5000 = Rs. 512.5**

What is the difference between amount for 2 years and 3 years for Rs. 500 at 10% compound interst?

Answer»

ong>S.I. = 500

r = 5%

t = 2 years

Before FINDING C.I. we have to find the sum or principal;

Apply formula; Principal = APTI Compound interest37

Principal = Apti Compound interest38= Rs. 5000

Now we have to find the Amount;

Apply formula; Amount =Apti Compound interest39

Amount = 5000 Apti Compound interest

Apti Compound interest

= 5000 * 1.05 * 1.05 = Rs. 5512.5

C.I. = Amount - Principal

C.I. = 5512.5 - 5000 = Rs. 512.5