Question

find the compound interest on ₹6400at 7.5per annum for 2 years
​

Answer 1

Answer:

Step-by-step explanation:

Step-by-step explanation:

P = 6400

T = 2 YEARS

R% = 7.5%

AMOUNT = P(1+r/100) and the mentioned year as ²year or ³year …

A = ₹6400(1+7.5/100)²

A = ₹6400(1+75/1000)²

A = ₹6400(1000+75/1000)²

A = ₹6400(1075/1000)²

A = ₹6400(43/40)²

A = ₹6400x43/40x43/40

A = ₹7396

CI = A-P

CI = ₹7396-₹6400

CI = ₹996