Question

find the amount and compound intrest on $ 2500 for 2year at 10%per annum, compounded annualy


GUYS YOU HAVE 5 MIN

Answer 1

Answer:

$\huge\bf\underline{\underline{solution}}$

$\bf\underline{\underline{Given}}$

Principal = $2500

Time =2 year

Rate = 10%

we know that ,

$a = p(1 + \frac{r}{100} ) {}^{t}$

• Putting the values in this question

$a = 2500(1 + \frac{10}{100} ) {}^{2} \\ a = 2500( \frac{110}{100} ) {}^{2} \\ a = 2500( \frac{11}{10} ) {}^{2} \\ a = 25\cancel0\cancel0 \: \times \frac{11}{1\cancel0} \times \frac{11}{1\cancel0} \\ a = 25 \times 11 \times 11 \\ = 3025 \: dollars \:$

amount =$3025

now ,

compound interest = amount - principle

=$ 3025 - $2500 rs.

= $525

by , $\huge\bf\underline{\underline{@Jisoo2506}}$