find the amount and compound interest compounded annually on 10000 at 6.5 %P.a for 2 years
Answers
Answered by
0
Answer:
₹1300
Step-by-step explanation:
10000×6.5×2
___________
100
100×6.5×2=1300
Answered by
3
Answer:
The answer to this question is Rs 1,342.25.
Step-by-step explanation:
According to this question,
We have to find the amount and compound interest on Rs 10,000 at 6.5% p.a for 2 years.
Formula for Compound Amount = P(1 + R/100)T
P = 10,000
R = 6.5%
T = 2 Years.
Compound interest = 10,000(1 + 6.5/100)2
Amount = 11,342.25
Interest = A - P
Interest = 11,342.25 - 10,000
Interest = 1,342.25
The Interest on Rs 10,000 is Rs 1,342.25.
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