Question

akhil deposited Rs 3500 with a company at 15% per annum for 2 years at a compound interest. The interest he received at the end of 2 years .

Answer 1

P = 3500
R= 15%
T= 2 years
$a = p(1 + \frac{r}{100} )$
$a = 3500(1 + \frac{15}{100} )$
$a = 3500( \frac{100 + 15}{100} )$
$a = 3500( \frac{115}{100} )$
$a = 3500 \times \frac{115}{100}$
$a = 35 \times 115$
$a = 4025$
Hope it helps you.....

Answer 2

Answer:Akhil deposit Rs 3500

At the rate of 15%per annum

Time =2 years

Interest 1 year=Rs3500×15×1/100

=Rs525

Amount=Principal + Interest

=Rs3500+Rs525

=Rs4025

Interest 2 year= Rs 4025×15×1/100

=Rs60,375/100

=Rs 603.75

Amount= Principal +Interest

= 4025+603.75

= Rs 4628.75

Interest=Amount-Principal

=Rs4628.75-3500

=Rs 1128.75

The interest Akhil get the end of 2 year is Rs 1128.75

Thanks

Step-by-step explanation: