Question

calculate the amount and the compound interest by using the formula for compound interest when principal is 625 ruppes rate of interest is 4%p.a time (in years) is 2 year

Answer 1

Amount=P(1+R/100)^n
=625(1+4/100)^2
=625*26/25*26/25
=676

CI=Amount-Principal
=676-625
=51



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Answer 2

Answer:

Rs 51

Step-by-step explanation:

Compound Interest= Amount- Principal

Amount = p[1+R/100] N

A= 625 [1+ 4/100] 2

A= 625 [1+1/25] 2

A= 625 [25+1/25] 2

A= 625 [26/25] 2

A= 625 × 26/25× 26/25

A=25 ×26 ×26/25

A= 26×26

A=676

C.I= 676-625

Rs 51   here is the answer.