Compound Interest=512.5 rs
For step by step explanation see attachment.
Step-by-step explanation:
P=5000
R=5%
Time=2years
C.I=A-P
SO,
A=p(1+r/100)²
A=5000(1+5/100)²
A=5000x21/20x21x20
A=11025/2
A=5512.5
C.I=5512.5-5000
=512.50
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Verified answer
Compound Interest=512.5 rs
For step by step explanation see attachment.
Step-by-step explanation:
P=5000
R=5%
Time=2years
C.I=A-P
SO,
A=p(1+r/100)²
A=5000(1+5/100)²
A=5000x21/20x21x20
A=11025/2
A=5512.5
C.I=5512.5-5000
=512.50