Question

Find the amount on Rs. 62500 for 2 years at 8% per annum
compounded annually.

Answer 1

Answer:

625×2×8 is a answers please follow me

Answer 2

Answer:

₹72,500

Step-by-step explanation:

Sum = 62500

Time = 2 yrs

Rate = 8%

I = PRT/100

$I = \frac{PRT}{100} \\\\I = \frac{62500 * 2 * 8}{100} \\\\\\I = \frac{625 * 2 * 8}{1} \\\\I = 10000$

Therefore, the interest on the sum is ₹10,000

Amount = Sum + Interest

Amount = 62500 + 10000

Answer: Hence the amount is ₹72,500