Question

Find the compound interest on ₹6500 for two year at 9 %per annum. ​

Answer 1

Answer:

Step-by-step explanation:

Example sum to do:

Find the compound interest on Rs 1000 for two years at 4% per annum.

Solution: Principal for the first year =Rs 1000

SI=P×R×T100SIfor1styear=1000×4×1100SIfor1styear=Rs40

Amount at the end of first year =Rs1000 + Rs 40 = Rs 1040. Principal for the second year = Rs1040

SIfor2ndyear=1040×4×1100

SIfor2ndyear=Rs41.60

Amount at the end of second year,

Amount=Rs1040+Rs41.60=Rs1081.60

Therefore,

Compoundinterest=Rs(1081.60–1000)=Rs81.60

Answer 2

Answer:

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