Question

calculate the compound interest on ₹7000 at 9% per annum for 2 years?​

Answer 1

Answer:

mam please unmute me4x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 274x multiply x = 27

Answer 2

EXPLANATION :

FIRST LETS TAKE OUT AMOUNT ,

A = Principal (1 + Rate/100)^Time

A = 7000 { 1+(9/100)}^2

A= 7000 (109/100)^2

A = 7000 * 109/100 *109/100

A = (7 * 109 * 109)/10

A = 8316.7

C.I = A - P

= 8316.7 - 7000

= 1316.7

THEREFORE. INTEREST IS ₹1316.7