Question

find the compound interest on rupees 3200 at 2.5 p.a for 2 years ,compounded annually​

Answer 1

All solution is present in photo

Answer 2

The compound interest  on Rs 3200 at 2.5% for 2 years compounded annually is Rs 162.

Step-by-step explanation:

Given : $P =Rs 3200\\R = 2.5\%\\n = 2 years$

To find : Compound Interest

The formula to find the compound interest compounded annually is given by

$A = P(1+\frac{R}{100} )^{n}$

$A = 3200(1+\frac{2.5}{100} )^{2}\\A = 3200(1+0.025)^{2}\\A = 3200 (1.025)^{2}\\A = 3200(1.050625)\\A = Rs 3362$

∴ $A = Rs 3362$

Hence C.I = A - P

           $C.I = 3362 - 3200\\C.I = Rs 162$

∴The compound interest  on Rs 3200 at 2.5% for 2 years compounded annually is Rs 162.