Math, asked by manjurani3591, 1 year ago

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

Answers

Answered by Samanwita
5
Given .

Principal amount = P=2500

Duration/Time = n = 2 years

Rate of Interest Per annum= i = 10%

Required to find is A = compound Interest

we know That..

For compound Interest...

A=P(1+i)^n-P

substituting above information..

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

A= 2500(1+0.1)^2 - 2500

A= 2500(1.1)^2 - 2500

A = 2500(1.21) - 2500

A= 3025 - 2500

A= 525

so the compound Interest= 525

compounded amount = Principal amount + compound interest

= 2500+525 = 3025

swati2124: thanks
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