Question

find the compound interest and the total amount after the four years if the interest is the compounded annually principal =₹6250 rate of interest = 20% per annum ​

Answer 1

Answer:

we know that, compound interest (CI) = amount (A) - principal (P)

so, to find amount (A)= p(1+R/100)^n

where, p= principal, r= rate and n= time now,

= amount= ₹6250(1+20%/100)^4

= amount= ₹6250(1+1/5)^4

= amount= ₹6250(6/5)^4

= amount= ₹6250*6/5*6/5*6/5*6/5

= amount= ₹6250*1296/625

= amount= ₹10*1296

= amount= ₹12,960

now, we will find CI so,

= CI= A-P

= CI= ₹12,960-₹6250

= CI= ₹6710

therefore, amount= ₹12,960 and compound interest= ₹6710

Step-by-step explanation:

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Answer 2

Answer:

total amount=12960

compound interest=6710

Step-by-step explanation:

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