Find the amount of ₹ 6,250 at 8% pa compounded annually for 2 years. Also, find the compound interest. *5
Answers
Answered by
1
Answer:
1000
Step-by-step explanation:
I=PRT\100
=6250×8×2/100
=1000
Answered by
3
Answer:
the amount for 2 years is
total interest = PNR/100
=6250×8×2/100
=1000000/100
=1000
there fore the amount is 1000
compound interest=p(1+r/100)n-p
=6250(1+8/100)2-6250
=6250(108/100)2-6250
=6250(1.08)2-6250
=6250(2.16)-6250
=13500-6250
=7250
there fore compound interest =7250
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