Question

find the compound interest on RS 6400 for 2 years compounded annually at 7.5 percent per annum . I will mark you the brainliest​

Answer 1

Answer:

⇒  P=Rs.6400,n=2years,R=215%

⇒  A=P(1+100R)n

⇒  A=6400(1+2×10015)2

⇒  A=6400×200215×200215

⇒  A=Rs.7,396

⇒  Compoundinterest=A−P

⇒  CompoundInterest=Rs.7,396−Rs.6,400=Rs.996