Question

calculate the amount and compound interest by using the formula principal rupees 625 rate of interest 4% per annum time 2 years

Answer 1

Answer: compound interest = p (1+R/100)^n

625 (1+14/100)^2

625 (114/100)^2

625×57/50×57/50

625×3249/2500

3249/4

Compound interest = 812.25

Amount = P+CITY

625 + 812.25

1437.25

Step-by-step explanation: