1. calculate the amount and compound
interest on 2 25000 for 2 years at 8% per
annum compounded annually
Answers
Answer:
Amount at the end of the first year $(25000 + 1500) = $26500. Principal for the second year = $26500. Interest for the second year = $26500×6×1100 = $1590.
Step-by-step explanation:
HOPE IT HELPS U
Answer:
Given :- Principal amount is Rs 25,000 Rate of interest is 8 % Time is 2 years
To Find :- Compound Interest Solution :- ~Here, we’re given the principal , rate of interest and time for which the money is invested and we need to find the Compound Interest ( CI ) after the given time. We can easily find the amount by putting the values in it’s formula and then Compound Interest. _____________ Here, • The principal ( P ) is Rs. 25,000 • The rate ( R ) is 8 % • The time ( n ) is 2 years
• The amount will be ( A )
• Compound Interest be ( CI ) _____________ As we know that , Finding the Amount :- Finding the
Compound Interest :- _____________ Hence, The compound interest is Rs. 4,160
Step-by-step explanation: