Question

Find compound interest on:
P=6400
T=2 years
R=6%

Please solve by amount formula.
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Answer 1

P=Rs.6400,n=2years,R= 6%

⇒ A=P(1+ R/100)

⇒ A=6400(1+ 6/100)²

⇒ A=6400× 106/100

⇒ A=Rs.6,784

⇒ Compoundinterest=A−P

⇒ CompoundInterest=Rs.6784−Rs.6,400=Rs.384

Answer 2

●Question ↴

Find compound interest on:

P=6400

T=2 years

R=6%

Please solve by amount formula.

●Answer ↴

◍Given :- p=6400, T=2years , R=6%

By amount formula.

:.I =PRT/100

:.I=6400×6×2/100

:.I=744(ans) .

●May Its Help:)