Question

 Find the compound interest on ₹25200 for 2 years at 10% per annum compounded annually.​

Answer 1

Answer:

30492

Step-by-step explanation:

formula  A = P(1+ R/100)^n

Given, P = 25200, n = 2, R = 10

So, A = 25200(1 + 10/100)^2

A = 25200 * (11/10)^2

A = 25200 * 121 / 100

A = 30492

Answer 2

Step-by-step explanation:

Present value=₹2500

Present value=₹2500Interest rate=10% per annum

Present value=₹2500Interest rate=10% per annumTime=2 years

Present value=₹2500Interest rate=10% per annumTime=2 yearsTo find the amount we have the formula,

Present value=₹2500Interest rate=10% per annumTime=2 yearsTo find the amount we have the formula,Amount(A)=P(1+(R/100))ñ

where P is present value, r is rate of interest, n is time in years.

where P is present value, r is rate of interest, n is time in years.Now substituting the values in above formula we get,

∴ A = 2500(1 +10/100)²

⇒A = 2500(11/10)²

⇒A=2500(121/100)

⇒A=25(121)

⇒A=₹3025

Now,

Now,∴ Compound interest = A–P

Now,∴ Compound interest = A–P=3025–2500=₹525

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