Find amount and compound interest if Principal = Rs 6250, at the rate of 4% p.a. compounded annually for 2 years.
Answers
Answered by
3
Step-by-step explanation:
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
0
Answer:
total amount:12960
intrest:6710
Step-by-step explanation:
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