Question

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

Please solve by amount formula.​

Answer 1

Step-by-step explanation:

C.I= P( 1+ r/100)^2 - P

C.I= 6400* (1+ 6/100)^2 - 6400

C.I= 791.04

Answer 2

Step-by-step explanation:

n

amount = p×(1+R)

100 2

= 6400 × ( 1 + 6 )

100

2

= 6400 × 100+6

100

= 6400×106×106

100 100

= 7191.04

therefore ,

amount = 7191.04 rs.