Find amount and compound interest if Principal = Rs 6250, at the rate of 4% p.a. compounded annually for 2 years.
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Answered by
0
Amount=P*(1+r/100)n
=>6250*(1+4/100)n
=>6250*(1+1/25)2
=>6250*(26/25)2
=>6250*576/625
=Amount=rupees 5760
compound interest =P*{(1+r/100)n-1}
=> 6250*{(1+4/100)n-1}
=>6260*{(1+1/25)2-1}
=>6250*{(26/25)2-1}
=>6250*(576/625-625)
=>6250*(49/625)
=>490
Answered by
3
GIVEN:
Principal = Rs 6250
Rate = 4\%
( \frac{4}{2} )\
2\%
Time = 2 years
= \: 6250(1 + \frac{2}{100} ) ^{2}
= 6250(1 + \frac{2}{20} ) ^{2}
= 625 \times \frac{2}{20} \times \frac{2}{20}
= 625 \times 2 \times 2
= Rs = 2,500
= C.I. = A-P
= C.I. = Rs 2,500 - Rs 625p
= C.I. = Rs 3,750
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