Question

how much will rs 25000 amount to in 2 yrars​

Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

It is given that ,

Principal = p = Rs 25000

Time = t = 2 years

Rate of interest per annum = r = 8%

Number of times interest paid (n ) = 2

Amount ( A ) = p ( 1 + r/100 )ⁿ

A = 25000 ( 1 + 8/100 )2

A = 25000 ( 1 +2/25 )2

A = 25000 ( 27/25 )^2

A = (25000×27×27×27)/( 25×25×25)

A = Rs 31492.8

Therefore ,

Compound interest = A - p

C.I = 31492.80 - 25000

C.I = Rs 6492.8

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