Geography, asked by ritamalhotra6079, 7 months ago

Find the compound interesthe and the total amount for the following principal = Rs 6250, rate = 12% yearly ,
time = 2 years

Answers

Answered by ishitar1210

3

Answer:

₹1590

Explanation:

P = ₹6250

R = 12%

T = 2 years

A = P( 1 + r / 100 ) ^ n

6250 = (1 + 12/ 100) ^ 2

6250 =( 112/100)^2

6250×112/100×112/100 = ₹7840

CI = ₹(7840-6250)

= ₹1590

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