Question

find the amount on rupees 6000for 2years at 9%per annum compounded annually...please step wise solve it and help me......​

Answer 1

➣ Given :-

Principal (P)= Rs 6000

Rate of interest (R)= 9%

Time (T)= 2 years

➣ To Find :-

Total amount given at last of 2 years.....

➣ Formula :-

${\orange {\bf {\underline {\underline {P×R×T÷100}}}}}$

➣ Solution :-

$\longrightarrow \sf \: \frac{6000 \times 9 \times 2}{100}$

$\longrightarrow \sf \cancel \frac{108000}{100} = \frac{1080}{1} = 1080$

$\longrightarrow \sf \:1080$

Total amount :-

6000+1080

= 7080

Therefore,the total amount is Rs.7080

Answer 2

Correct question:-

Find the amount on Rs.6000 for 2years at 9% per annum compounded anually.

Given:-

•Sum/Principal=Rs.6000

•Time=2 years

•Rate of interest=9% p.a.

To find:-

•Amount

Solution:-

We know that:-

=>A=P(1+R/100)^n

Where:-

•A is amount

•P is sum/principal

•R is rate of interest

•n is time period

=>A=6000(1+9/100)²

=>A=6000(109/100)²

=>A=6000×109/100×109/100

=>A=6000×1.09×1.09

=>A= Rs.7128.60

Thus,the amount is Rs.7128.60