Question

calculate the compound interest on a sum of rupees 25000 at 8% . compound annually for 2 year

Answer 1

$a = 25000(1 + \frac{8}{100} ) {2}$
$a = 25000 \times \frac{108}{100} \times \frac{108}{100}$
a=29160

Compound interest=A-P
=29160-25000
=4160