Answer:

Answer : 1105.13

is wrong the correct answer is 506 5.5

.

Step-by-step explanation:

step by step explanation is given in the following figure

Verified answer

Answer:

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Step-by-step explanation:

To calculate the compounded profit, we need to use the formula:

A = P(1 + r/n)^(nt)

Where:

A = the final amount (including profit)

P = the principal amount (initial investment)

r = the annual interest rate (as a decimal)

n = the number of times the interest is compounded per year

t = the number of years

In this case:

P = Rs.5000

r = 10.50% = 0.105 (as a decimal)

n = 1 (interest is compounded annually)

t = 2 years

Substituting the values into the formula, we have:

A = 5000(1 + 0.105/1)^(1*2)

A = 5000(1 + 0.105)^2

A = 5000(1.105)^2

A = 5000(1.221025)

A = 6105.13

The compounded profit is the difference between the final amount (A) and the principal amount (P):

Compounded Profit = A - P

Compounded Profit = 6105.13 - 5000

Compounded Profit = 1105.13

Therefore, the compounded profit of Rs.5000 for 2 years at 10.50% profit per annum is Rs.1105.13.