Question

find the compound interest on 1) rs 2500 for two years at 8% per annum compounded anually ​

Answer 1

Answer:

P=2500

R=8%p.a.

T=2yrs

A1=

$2500(1 \ + \frac{8 \times 1}{100} ) \\ 2500 \times \frac{108}{100} \\ 25 \times 108 \\ 2700$

A2=

$2700(1 + \frac{8 \times 1}{100} ) \\ 2700 \times \frac{108}{100} \\ 27 \times 108 \\ 2916$

C.I.=A2- Initial Principal

=2916-2500

=416 Answer