Question

find compound interest on 2500 for 2 years at the rate of 9% per annum compounded annually​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

$\huge{\sf{Question:-}}$

Find compound interest on 2500 for 2 years at the rate of 9% per annum compounded annually.

Given:-

↝ Present value=₹2500

↝Interest rate=9% per annum

↝Time=2 years

To Find:-

⇒ Compound  interest

Solution:-

To find the amount we have

⇒$A= P(1+\frac{R}{100})^t$

⇒$=2500(1+{\frac{9}{100})^2$

⇒$2500({\frac{100+9}{100})^2$

⇒$2500({\frac{109}{100})^2$

⇒$2500×{\frac{109}{100}×{\frac{109}{100}$

⇒Rs .2970.25

Compound interest = Amount-Principal

⇒2970.25-2500

⇒Rs.470.25

Step-by-step explanation: