Question

find the amount & compound interest of rs 25000 at the rate of 8% p.a. for 2 yrs​

Answer 1

Answer:

compound interest=4160

amount=29160

Step-by-step explanation:

P=25000

R=8%

T=2

A=P(1+R/100)^T

= 25000(1+8/100)^2

=29160

Compound interest=A-P

=29160-25000

= 4160