Question

calculate the Amount and compound interest on Rs 6400 for 2 years at 6% per annum compounded annually.​

Answer 1

Answer:

₹9600 is the correct answer and

Answer 2

Answer:

⇒ P=Rs.6400,n=2years,R=

2

15

%

⇒ A=P(1+

100

R

)

n

⇒ A=6400(1+

2×100

15

)

2

⇒ A=6400×

200

215

×

200

215

⇒ A=Rs.7,396

⇒ Compoundinterest=A−P

⇒ CompoundInterest=Rs.7,396−Rs.6,400=Rs.996