Question

Find the amount of ₹ 6,250 at 8% pa compounded annually for 2 years. Also, find the compound interest. *5​

Answer 1

Answer:

1000

Step-by-step explanation:

I=PRT\100

=6250×8×2/100

=1000

Answer 2

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