find the amount and compound interest on 64000 in 2.5 years at 8% per annum compound interest. find compound interest .
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Answer:
this is similar to ur que
Step-by-step explanation:
Principal=64000
Rate=7.5%p.a
Time=3years
Where r is the rate and t is the time.
CI=64000(1+7.5/100)
3
−64000
=64000(1+75/1000)
3
−64000
=64000(1+3/40)
3
−64000
=64000(43/40)
3
−64000
=64000∗43/40∗43/40∗43/40−64000
=43∗43∗43−64000
=79507−64000
=15507
Hence CI will be 15507 rupees
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