Question

find the compound interest by it compound annual leave first P is equal 625 is equal 4% p.a,n, =2 year​

Answer 1

Answer:

we can solve it by using compound interest formula i.e,A = p [1 + R/100]^n

Step-by-step explanation:

Here Principle (P) = 625

Rate (R) = 4%

Years (n) = 2

A = P [1 + R/100]^n

= 625 [1 + 4/100]^2

(here in 4th table 4 × 25 = 100 so we can do cancellations 4 ones 4 25's )

= 625 [1 + 1/25]^2

= 625 [26 / 25]^2

( here the power is 2 it means square of 26/25)

= 625 [26 / 25] × [26 / 25]

= 25 [26/1] × [26 / 25]

= 1 [26/1] × [26/1]

= 1 [26] × [26]

= 1 [ 26×26 ]

= 1 [ 676 ]

= 676

Therefore the amount is 676