Question

Find the amount and compound interest on ₹6500
.
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Answer 1

Answer:

Answer is given below

Step-by-step explanation:

SOLUTION:-

Given:

Principal (P) for 1st year = Rs.6500

Rate of interest(R) for 1st year = 5%

So,

Interest on 1st year:

Therefore,

Interest for 1st year= Rs.325

Principal (P) for 2nd year;

=) Principal1st year + Interest 1st year

=) Rs. 6500 + Rs.325

=) Rs. 6825

Rate of interest for 2nd year:

Therefore,

Interest for 2nd year = Rs.409.5

Total Interest= (325 + 409.5)Rs.

=) Rs.734.5

Amount at 2nd year:

Principal for 2nd + Interest for 2nd year

=) Rs.6825 + Rs.409.5

=) Rs.7234.5

Therefore,

Amount at second year= Rs.7234.5

And,

Compound Interest:

CI = A-P

=) Rs.(7234.5 - 6500)

=) Rs.734.5

Hope it helps ☺️

Answer 2

Answer:

Hence, we can say that Rs. 734.5 is the compound interest on Rs. 6500 for 2 years.

Step-by-step explanation: