Question

find the compound interest on rupess 1600 at 7 1/4 p.a.for two years​

Answer 1

Step-by-step explanation:

P=1600

R=29/4%

T=2years

A=1600(1+29/400)la square

=1600(429/400)ka square

=1600×184041/160000

=184041/100

C.I = A-P

=184041/100-1600

=Rs. 240.41

Answer 2

Step-by-step explanation:

P = 1600

R = 29/4

T = 2years

A = 1600(1+29/4×100)²

=1600(409/400)²

=1600×409/400×409/400

=1600×184041/160000

=184041/100

=1840.41

C.I = 1840.41 - 1600

=₹240.41