Question

calculate the amount and the compound interest on rs.25000 for 2 years at 8% per annum , compounded anually​

Answer 1

Answer:

₹29160/- , ₹4160/-

Step-by-step explanation:

A=P(1 + r/100)^n

A=25000(1 + 8/100)^2

=25000 × (108/100)^2

=25000 × (54/50)^2

=25000 × 54/50 × 54/50

=250 × 54/5 × 54/5

=50 × 54 × 54/5

=10 × 54 × 54

=10 × 2916

= ₹29160/-

C.I = A - P

= 29160 - 25000

= ₹4160/-