Question

fund the amount and compound interest on ₹ 6250 at rate of 4 percent per annum for 2 years​

Answer 1

Answer:

76593.13

Step-by-step explanation:

imagine the principal amount is 'P'

so, {P(1+4/100)^2}-P=6250

or, P{(1+1/25)^2}-P=6250

or, P{(26/25)^2}-P=6250

or, P{(676/625)-1}=6250

or, P{(676-625)/625}=6250

or, P(51/625)=6250

or, P=6250×625/51

or, P=76593.13