Question

calculate the compound interest on a sum of 25,000rs at 8 %p. a compounded annually for 2 years​

Answer 1

Answer:

Given:-

P=Rs.4800

n=2 years

R=5

As we know that,

A=P(1+

100

R

)

n

∴A=4800(1+

100

5

)

2

⇒A=4800(

20

21

)

2

⇒A=

20×20

4800×21×21

=5292

Therefore,

Compound interest

=A−P

=5292−4800=Rs.492

Step-by-step explanation:

this is a formula so put your numbers than solve

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