Question

calculate the amount on Rs 3750 for two years at 8% compounded anually

Answer 1

Answer:

Amount after 2 years = ₹ 4374

Step-by-step explanation:

P = 3750

Rate = 8%

T = 2 years

$A = P (1+\frac{R}{100} )^n$

$3750(1+\frac{8}{100} )^2$

$3750 * \frac{108}{100} *\frac{108}{100}$

4374

Answer 2

G I V E N :

• Principal (P) = Rs. 3750
• Time (n) = 2 years
• Rate (A) = 8%

T O F I N D :

• Amount = ?

C O N C E P T :

• Amount = P (1 + r/100)ⁿ

S O L U T I O N :

Finding Amount : -

→ Amount = P (1 + r/100)ⁿ

→ Amount = 3750 (1 + 8/100)²

→ Amount = 3750 (100 + 8/100)²

→ Amount = 3750 (108/100)²

→ Amount = 3750 (11664/10000)

→ Amount = 3750 × 1.1664

→ Amount = Rs. 4374

Hence,

• Amount is Rs. 4374