find the compound interest on RS 3200 at 2.5%p.a for 2 years, compound annually
Answers
Answered by
4
Answer:
C=A-P
AMOUNT =P(1+r÷10) n
3200(1+2.5÷100)^2
3200(41÷40×41÷40)
Step-by-step explanation:
3362 amount
C=A-P 3362-3200 =162
Answered by
3
Step-by-step explanation:
= CI = 3200×1×2.5/100
= 32 × 2.5
= 80
= at the end of first year the principal is = 80
3200+80 = 3280
2nd years principal is = 3280 × 1 × 2.5 / 100
= 328 ×2.5 =820/10
= 82 = the amount at the end of 2nd year is = 3280 + 82 = 3362
the C I of 2 years compound annually is 3362
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