Find the amount of Rs. 6,250 at 8% pa compounded annually for 2 years. Also, find the compound
interest.
Answers
Answer
Find compound interest on Rs 6250 at 16% per annum for
2 years compounded annually
Compound Interest =[Principal[1+
100
Rate%
]
time
]− Compound Interest
So we know that
Principal =Rs6250
Rate %=16%
Time =2 years
C.I=P[1+
100
R
]
T
−C.I
=6250[1+
100
16
]
2
−6250
=6250[1+
25
4
]
2
−6250
=[6250×
25
29
×
25
29
]−6250
=8410−6250
=RS2160(Anu)
Step-by-step explanation:
please make brainlist
Step-by-step explanation:
PRINCIPLE =6,250
RATE = 8%
TIME =2YEARS
FIRST WE FIND SIMPLE INTREST
SIMPLE INTREST = P×R×T/100
= 6250×8×2/100
SIMPLE INTREST= 1000
AMOUNT= PRINCIPLE + SIMPLE INTREST
= 6,250+1000
= 7250
THE SIMPLE INTREST IS 1000 AND AMOUNT IS 7250.
THANKYOU
I HOPE ITS HELPFUL.