Question

find the amount and the compound interest on ₹2500 for 2 years at 10 % per annum , compounded annually.

Answer 1

P = 2500

r = 10%

t = 2 years

Amount (A) = p(1+r/100)^t

A = 2500*(1+10/100)^2

A = 2500*(11/10)^2

A = 2500*(11/10)*(11/10)

A = 3025 ₹

C. I. = A-P = (3025 - 2500) = 525 ₹


Hope it helps

Answer 2

hello mate
above attached picture will help you.

C.I= A-P
= rs(3025-2500)
= rs 525