Question

find the compound interest on Rupees 1500 for 4 years at 4% per annum​

Answer 1

Answer:

Formula: A=P(1+  

100

R

​  

)  

n

 

A=1,500(1+  

100

5

​  

)  

3

 

A=1,500(  

100

105

​  

)  

3

 

A=1,500×  

100

105

​  

×  

100

105

​  

×  

100

105

​  

 

A=  

16

3×21×21×21

​  

 

A=  

16

27,783

​  

 

A=1,736.40

Compound Interest = Amount Principle

=1,736.40−1,500=236.40

Amount=Rs.1,736.40,  

Compound interest =Rs.236.40

Step-by-step explanation:

Answer 2

Total interest in 4 years is 16% which is ₹15x16 = ₹240
Interest per year is ₹60
And one way is total money 1st year is 1500+60
1560 + 4% of 1560
1560+62.4
1620.4+ 4% of 1620.4 and so on