Answer:
Amount = 11205
CI = 1205
Step-by-step explanation:
[tex]a = p(1 + \frac{r}{n} ) {}^{nt} [/tex]
Here,
p = 10000
r = 5% = 5/100 = 0.05
n = 1
t = 2
[tex]a = 10000(1 + \frac{0.05}{1} ) {}^{1 \times 2} [/tex]
[tex]a = 10000(1.05) {}^{2} [/tex]
[tex]a = 10000(1.1025)[/tex]
[tex]a = 11205[/tex]
C.I = a - p
C.I = 11205 - 10000
C.I = 1205
