Question

find the amount and the compound interest on Rs2500 for 2years at 10%per annum,compounded annualy​

Answer 1

hope this attachment will help you!

Answer 2

$\huge \underline \mathbb {SOLUTION:-}$

Answer:

• Amount = Rs. 3,025
• Compound Interest = Rs. 525

Given:

• P = Rs. 2,500
• R = 10%
• T = 2 years

Need To Find:

• Amount = ?
• Compound Interest = ?

Explanation:

Case1:

• Find the amount = ?

Formula used here:

• A = P(1 + R/100)^T

Putting the values according to the given formula:

➠ A = 2500 (1 + 10/100)^2

➠ A = 2500 (1 + 1/10)^2

➠ A = 2500 (11/10)^2

➠ A = 2500 × 121/200

➠ A = 25 × 121

➠ Amount = Rs. 3,025

• Hence, the required amount = Rs. 3,025

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Case2:

• Find the compound interest = ?

Formula used here:

• CI = A - P

Putting the values according to the given formula:

➠ CI = 3025 - 2500

➠ Compound Interest = Rs. 525

• Hence, the required Compound Interest = Rs. 525.

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Additional Information:

Here:

• P is used for Principal.
• R is used for Rate of Interest.
• T is used for Time.
• A is used for Amount.
• CI is used for Compound Interest.

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