Question

calculate the compound interest and amount to by using the formula if interest is compounded annually (b) principal is equal to 2500 times 2 years rate 8 % per annum​

Answer 1

Answer:

Rs.2916

Step-by-step explanation:

Given: P=2500, T=2, R=8%

$a =p \times {(1 + \frac{r}{100}) } ^{t}$

$a = 2500 \times \frac{108}{100 } \times \frac{108}{100}$

$a = 2916$