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The compound intrest on 50000 at …

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The compound intrest on 50000 at 4% per annum for 2 years compounded annually is _________

Posted by Sowjanya Lekisha 5 years, 3 months ago

CBSE > Class 08 > Mathematics

2 answers

Jitesh Prajapati 5 years, 3 months ago

4000

2Thank You

Gaurav Seth 5 years, 3 months ago

Answer:

Compund Interest will be (b) Rs . 4080

Step-by-step explanation:

When compounded anually,

Total Amount = Principal(1 + Rate/100)^Time period

= 50000 (1 + 1/25) ^ 2

= 50000 (26/25) (26/25) = 54080

Compound Interest = Total Amount - Principal

= 54080 - 50000 = 4080

1Thank You

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