Question

After how many year will ₹1600 become ₹2025 at 12 by 1/2% per annum compound interest
solve it on copy and explain 1 by 1 ​

Answer 1

.Answer:

After two years will Rs.1600 becomes Rs.2025 at 12.5% p.a. interest being compounded annually

Step-by-step explanation:

Amount = A = Rs.2025  

Principal = P = Rs.1600

Rate of interest = r = 12.5%

No. of compounds per year = n = 1

Substitute the values in the formula ,

Hence After two years will RS 1600 becomes RS 2025 at 12.5% p.a. interest being compounded annually

Hope it helps uh !