Compound interest on 7500rs at 4./. per anni for 2yrs
Answers
Answered by
5
Given .
Principal amount (inclusive of Interest) =P=7500
Duration/Time = n = 2 years
Rate of Interest Per annum= i = 4%
Required to find is A = compound Interest
we know That..
For compound Interest...
A=P(1+i)^n-P
substituting above information..
A = 7500(1+4/100)^2 -7500
A= 7500(1+0.05)^2 - 7500
A= 7500(1.04)^2 - 7500
A = 7500(1.0816) - 7500
A= 8112 -7500
A=612
so the compound Interest= 612
Principal amount (inclusive of Interest) =P=7500
Duration/Time = n = 2 years
Rate of Interest Per annum= i = 4%
Required to find is A = compound Interest
we know That..
For compound Interest...
A=P(1+i)^n-P
substituting above information..
A = 7500(1+4/100)^2 -7500
A= 7500(1+0.05)^2 - 7500
A= 7500(1.04)^2 - 7500
A = 7500(1.0816) - 7500
A= 8112 -7500
A=612
so the compound Interest= 612
Similar questions