Question

*Calculate the compound interest if P= Rs. 250000 , R= 8% p.a, N= 2 year​

Answer 1

Step-by-step explanation:

$amount = p( {1 + \frac{r}{100} )}^{n}$

$= 250000( {1 + \frac{8}{100}) }^{2}$

$= 250000( { \frac{100 + 8}{100}) }^{2}$

$= 250000 \times \frac{108}{100} \times \frac{108}{100}$

$= 25 \times 108 \times 108$

$= rs.291600$

Compound Interest = amount - principal

= Rs. (291600-250000)

= Rs. 41600

Answer 2

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