Question

Find compound interest and amount on rupees 7000 at 7% per annum for 2 years compounded annually .​

Answer 1

Answer:

amount=7980rs,interest =980

Step-by-step explanation:

principal=7000rs

rate percent=7%

time=2 years

interest=

$\frac{7000 \times 7 \times 2}{100}$

=70×7×2=980

so , interest =980

so amount=7000+980=7980rs

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