Question

Calculate the amount on ₹7500 in 2 years and at 6% compounded anually
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Answer 1

Answer:

Rs.8460

Step-by-step explanation:

S.I = (PTR)/100

Amount=P+I

P = Rs.7500

T = 2 years

R = 6%

S.I = (7500x2x6)/100 (Cross out the underlined zeros)

    = 75x2x6

    = 150x6

S.I = Rs.960

Amount = P+I

             = 7500+960

Amount = Rs.8460

Hope it helps you;

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Answer 2

principle = Rs. 7500

time = 2 yrs

rate = 6%

compounded annually

compound interest

= P (1 + r/n)^nt

= 7500 ( 1 + 6/100)²

= 7500 (106/100)²

= Rs. 8427

total amount

= Principle + compound interest

= 7500 + 8427

= Rs. 15,927