calculate the compound interest on rupees 25000 2 years at 8% per annum compounded annually
Answers
Answered by
38
Solution:
Principal for the first year = $25000.
Interest for the first year = $25000×6×1100 = $1500.
Amount at the end of the first year $(25000 + 1500) = $26500.
Principal for the second year = $26500.
Interest for the second year = $26500×6×1100 = $1590.
Amount at the end of the second year = $(26500 + 1590) = $28090.
Principal for the third year = $28090.
Interest for the third year = $28090×6×1100 = $1685.40
Amount at the end of the third year = $(28090 + 1685.40) = $29775.40.
Therefore, compound interest = $(29775.40 - 25000) = $4775.40.
Pls Mark my Answer ✅ As the Brainliest !!!
Hope This Helps To A Lot!!
Principal for the first year = $25000.
Interest for the first year = $25000×6×1100 = $1500.
Amount at the end of the first year $(25000 + 1500) = $26500.
Principal for the second year = $26500.
Interest for the second year = $26500×6×1100 = $1590.
Amount at the end of the second year = $(26500 + 1590) = $28090.
Principal for the third year = $28090.
Interest for the third year = $28090×6×1100 = $1685.40
Amount at the end of the third year = $(28090 + 1685.40) = $29775.40.
Therefore, compound interest = $(29775.40 - 25000) = $4775.40.
Pls Mark my Answer ✅ As the Brainliest !!!
Hope This Helps To A Lot!!
Answered by
9
Answer:
p=₹25000
n=2 yrs
r=8% p.a
Amount=25000(1+8/100)^2
=5×108×54
=29160
Compound interest=A-P
=₹(29160-25000)
=₹4160
Step-by-step explanation:
pls mark me as brainlist
Similar questions