The amount on Rs. 50,000 for 2 years at 10% per annum compounded annually is

Question

The amount on Rs. 50,000 for 2 years at 10% per annum compounded annually is​

Alexandra · Answer

p=50000  t=2yrs  r=10%    ci=prt/100  ci=50000x10/100    ci of 1st yr = 5000    ci=55000x10/100    ci of 2nd yr = 5500    amount = 60500 Ans

Isabella · Answer

Answer:   compounded annually for certain period of time is 10,500

The amount on Rs. 50,000 for 2 years at 10% per annumcompounded annually is​