Question

EXERCISE 2A
X. Calculate the amount and the compound interest on * 25000 for 2 years at 8% per annum
compounded annually.
$si = ptr \div 100$
​

Answer 1

29000

Step-by-step explanation:

$\frac{ptr}{100} = compound \: interest$

$so \: \frac{25000 \times 2 \times 8}{100} = 4000$

then, compound interest = 4000

and, amount= 25000+4000=29000

Answer 2

29000

Step-by-step explanation:

25000×2×8

=4000

then, compound interest = 4000

and, amount= 25000+4000=29000

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