Question

find the amount interest when it is compounded annually.​

Answer 1

Step-by-step explanation:

Principal , (P) = 625 , Rate , (R) = 4% p.a & Time , (n) = 2 years.

→ A = 625 ( 1+4/100 )²

→ = 625 ( 1+1/25 )²

→ = 625 ( 25+1/25 )²

→ A = 625 ( 26/25 )²

→ A = 625 will be Cancelled × 26/25 × 26/25 ( both 25 in the denominator will be cancelled )

→ A = Rs. ( 1×26×26 )

→ A = Rs.676

Now;

As we Know that Compound interest ; n

→ C.I. = Amount - Principal

→ C.I. = Rs.676 - Rs.625

→ C.I. = Rs.51.

┗(•ˇ_ˇ•)―→ → C.I. = Rs.51.

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