Question

find ci on rs 7500 at 4% p.a. for 2 years compound anually
 

Answer 1

find ci on rs 7500 at 4% p.a. for 2 years compound anually
 
solution :
     Given Principal = 7500
               Rate(per annum) = 4%
               Time = 2 Years
Therefore ,
Amount = P(1+R/100)²
             =7500(1+4/100)²
             =7500(1+1/25)²
             =7500(26/25)²
             =8112
Therefore , CI = AMOUNT - Principal
                    =8112-7500
                    =612

Hope This helps You!!!

Thank YOu!!!
                 

Answer 2

7500*4*1/100= 300 
7500+300= 7800
7800*4*1/100= 312 
total c.i = 300+312= 612