Question

6400 rupees for 2 years at 6% per annum compounded annually​

Answer 1

Step-by-step explanation:

p=6400

t=2

r=6%

for first year

p*r*1/100

6400*6*1/100

384

6400+384

6784 is compound interest for first year

for second year

6784*6*1/100

407.04

7191.04

so compound interest =

7191.04-6400=791.04 is compound interest answer

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