Find the amount and the componen interest on 6500 for 2 years,compounded annually the rate of interest 5% per annum during the second years.
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Heya ✋
Given that
P = ₹6,500
R = 5 % p.a.
T = 2 years
Solution
When the interest is compounded annually
A = P(1+R/100)^n
= 6,500(1+5/100)^2
= 6,500(100+5/100)^2
= 6,500(105/100)^2
= 6,500(21/20)^2
= 6,500 × 441/400
= ₹7,166.25
C.I. = A - P
= ₹(7,166.25 - 6,500)
= ₹666.25
Thanks :))))
Given that
P = ₹6,500
R = 5 % p.a.
T = 2 years
Solution
When the interest is compounded annually
A = P(1+R/100)^n
= 6,500(1+5/100)^2
= 6,500(100+5/100)^2
= 6,500(105/100)^2
= 6,500(21/20)^2
= 6,500 × 441/400
= ₹7,166.25
C.I. = A - P
= ₹(7,166.25 - 6,500)
= ₹666.25
Thanks :))))
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