Question

Find the compound interest on ₹6, 500 for two years at 9% per annum. explain answer.​

Answer 1

Answer:

SI=P×R×T/100

=6500*2*9 WHOLE UPON 100

65×2×9=130*9=1170

THERFORE SI =₹1170

Answer 2

G I V E N:

P=6500

T=2 years

R=9%

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S O L U T I O N:

A=P$\dfrac{1+R}{100}^n$

=6500$\dfrac{1+9}{100}^2$

=6500$\dfrac{109}{100}^2$

=6500$\sf{(1.09)}^2$

=7722.65

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Now,

CI=A-P

CI=7722.65-6500

CI=1222.65

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Therefore CI=1222.65