Find the amount and compound interest by using the formula for compound interest:
Principal
1. 625
Rate of interest
4%p.a
Time(in years)
2
Answers
Answered by
5
Step-by-step explanation:
Amount=principal(R/100+1)^time
=625(4/100+1)^2
=625×104/100×104/100
=676
so,compound interest = principle-amount
=676-625=51
Answered by
6
Answer:
amount= principal (R/100+1)^ time
=625(4/100+1)^2
=625×104/100×104/100
=676
so, compound interest=principal-amount
=676-625
=51
Step-by-step explanation:
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