Find the compound interest of 2 years at the rate of 5% for the sum of Rs.
2500.
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Answered by
4
Answer:
Amount=P(1+R/100)^n
= 2500(1+5/100)^2
=2500(1+1/20)^2
=2500(21/20)^2
=2500x21/20x21/20
=25*21/2*21/2
=11025/4
= 2,756.25
Compound interest = Amount - Principal
= 2,756.25-2500
=256.25
:- compound interest is 256.25
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Time is given 2 years rate 5 principal 2500 ok we have to find first simple interest then amount ok •
T= 2 yrs
R =5%
P = 2500
Sl = PRT /100
2500 ×5×2/100
250
sl = 250
now amount = 2500 - 250
A 2250
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