Question

find compound intrest annually when principal is rupees 6250 , 20 percent rate and time is 3.25 years​

Answer 1

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Comparing Quantities

Simple Interest

Find compound interest on R...

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Find compound interest on Rs. 6250 at 16% per annum for 2 years, compounded annually.

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ANSWER

Find compound interest on Rs 6250 at 16% per annum for

2 years compounded annually

Compound Interest =[Principal[1+

100

Rate%

]

time

]− Compound Interest

So we know that

Principal =Rs6250

Rate %=16%

Time =2 years

C.I=P[1+

100

R

]

T

−C.I

=6250[1+

100

16

]

2

−6250

=6250[1+

25

4

]

2

−6250

=[6250×

25

29

×

25

29

]−6250

=8410−6250

=RS2160(Anu)