Question

find the compound interest on Rupees 6500 for 2 years at 9% per annum​

Answer 1

Answer:

ᴘʟᴇᴀsᴇ ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪᴇsᴛ

Step-by-step explanation:

ᴘʟᴇᴀsᴇ ғᴏʟʟᴏᴡ ᴍᴇ

Answer 2

Here, as per the provided question we are asked here to find the compound interest on rupees 6,500 for 2 years at 9% per annum.

So, the given information is enough to find the compound interest. Let's begin it –

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⟼ Principal = ₹ 6,500

⟼ Rate of Interest = 9% per annum

⟼ Time (period) = 2 years

Now, let us find compound interest as per the provided information –

⟹ Principal= ₹ 6500

$⟹ \rm {Rate \: of \: Interest } = 9\% \rm { \: Per \: annum }$

$⟹ \rm {Time \: (period) } \: = 2 \rm \: {Years}$

$⟹ \rm {A} = \rm {P} \: (1 + \frac{R}{100} )^{2}$

[ substituting the values as per the provided formula used for finding compound interest ]

$⟹ \rm {A} = 6500 \: (1 + \frac{9}{100} )^{2}$

$⟹ \rm {A } = 6500 \: \times \frac{109}{100} \times \frac{109}{100}$

[ Now sums had been reduced as they are divisible ]

$⟹ \rm {A } = 7722.65$

Now, if we have to find the compound interest we will have to Subtract the amount obtained – principal. Let's do it –

⟹ Amount – Principal = Compound interest

⟹ ₹ 7,722.65 – ₹ 6,500

⟹ ₹ 1,222.65

Therefore, compound interest obtained by us after solving this sum = ₹ 1,222.65