Question

find the compound interest when principle is rupees 6400,rate 5% per annum and time is 2years ​

Answer 1

C.I. =p(1+r/100) T

C.I. =6400(1+5/100)2

C.I. =6400(1+1/20)2

C.I. =6400(20+1/20)2

C.I. =6400 (21/20)2

C.I. =6400(441/400)

C.I. =6400*441/400

C.I. =16*441

C.I. =7056

Answer or compound interest is ₹7056