find the compound interest plz
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Answered by
1
Answer:
416RS
Step-by-step explanation:
P=2500rs
n=2yrs
r=8%
A=P(1+r/100)^2
=2500(100+8/100)^2
=2500×108/100×108/100
=2916Rs
CI=A-P
=2916-2500
=416RS
Answered by
265
Answer:
- ● Find the compound Interest on Rs.2500 for 2 years at 8% per annumn compounded annually.
- ● Principle = Rs.2500
- ● Rate of Interest = 8%
- ● Time = 2 years
- ● Compound Interest
- ● For finding Compound Interest, firstly we need to find the Amount.
- Substituting the values
- ● The Amount is Rs.2916
- Substituting the values
- ● Henceforth,The Compound Interest is Rs.416.
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