Question

find the amount and CI in which P=625 ,R=4% , T=2 year

Answer 1

amount=P(1+R/100)^n


=625(1+4/100)^2
625(26/25)^2
=676
CI=amount -principal
=676-625=51

Answer 2

A=px(1+r/100)^t
625×(1+4/100)^2
625×(26/25)
625×26/25×26/25
65×65
675
CI=a-p
=676-625
=51