Question

Find Compound interest and total Amount P=4000 R=7.5
N=2

Answer 1

Answer:

C.P = Rs. 622.5

Amount = Rs. 4622.5

Step-by-step explanation:

Given,

p = 4000

r = 7.5

n = 2

Amount = p(1+r/100)^n

4000(1+7.5/100)²

= 4622.5

So, Amount is Rs. 4622.5

Compound interest = Amount - principal

= 4622.5 - 4000

= 622.5

So, the compound interest is Rs. 622.5