find the CI ₹ 6400 for 2 year Compunded annually at 7 1/2% per anum
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Answer:
⇒ P=Rs.6400,n=2years,R=
2
15
%
⇒ A=P(1+
100
R
)
n
⇒ A=6400(1+
2×100
15
)
2
⇒ A=6400×
200
215
×
200
215
⇒ A=Rs.7,396
⇒ Compoundinterest=A−P
⇒ CompoundInterest=Rs.7,396−Rs.6,400=Rs
Step-by-step explanation:
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