Question

find the amount and compound interest on 6250 @ 4% and for 2 years

Answer 1

Answer:

Step-by-step explanation:

C

Amount=P (1+r/100)^n=6250*(1+4/100)^2=6250*(104/100)^2=6250*(26/25)^2=6250*676/625=10*676=Rs.6760.

Now, Compound Interest=Amount-Principal=Rs. (6760-6250)=Rs. 510. Hope this helps.