Question

Find the compound interest on * 6,500 for two years at 9% per annur



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Answer 1

Answer:

1222.65

Step-by-step explanation:

Given, P = 6500, Time = 2 years, R = 9%.

We know that A = P(1 + r/100)ⁿ

                          = 6500(1 + 9/100)²

                          = 6500(109/100)²

                          = 6500(1.09)²

                          = 7722.65.

We know that CI = A - P

                           = 7722.65 - 6500

                           = 1222.65.

Therefore,Compound interest= 1222.65.

Explanation:Follow me

Answer 2

Answer:

1,222.65rs

Explanation:

amount=p(1+r/100)^t

=rs6500(1+9/100)^2

=6500×109/100×109/100=772265/100

=7,722.65rs

c.i =a-p

=7,722.65-6500=1,222.65rs