Question

find the compound interest on 6500 for 2
years with 5% rate of interest compounded annu-
ally?​

Answer 1

Answer:

Hence, we can say that Rs. 734.5 is the compound interest on Rs. 6500 for 2 years.

Answer 2

Ans

THE ANSWER IS 666.25

Step-by-step explanation:

GIVEN THAT ,

PRINCIPLE = 6500

RATE OF INTEREST = 5%

TIME = 2 YEARS

COMPOUND INTEREST = P( 1 + R / 100)^N - 1

6500( 1 + 5 / 100)^2  - 1

6500 ( 21 / 20)^2 - 1

6500 * (441 / 400 - 1)

6500 * 41 / 400

2665 / 4

666.25

HENCE , THE COMPOUND INTEREST ANNUALLY IS 666.25 .