Question

1. Find the amount and the compound interest, if the
interest is compounded yearly.
(b) * 2500 for two years at 12% per annum.
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Answer 1

Answer:

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Answer 2

Answer:

A=3136  CI=636

Step-by-step explanation:

P=2500Rs

T=2years

R=12%

so

A=P(1+r/100)^t

A=2500(1+12/100)^2

A=2500*28/25*28/25

A=(100*28*28)/25

A=4*28*28

A=4*784

A=3136

SO CI=A-P

CI=3136-2500

CI=636

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