Math, asked by bhuvanchinivalar, 12 hours ago

If ₹6400 is invested at 6 ¼ % p.a., compound interest compounded annually then find amount and compound after two years.

Answers

Answered by saumyaarathore

0

Answer:

Amount= Rs. 7225 C.I= Rs. 825

Step-by-step explanation:

Firstly, 6¼% = 25/4%

A= P(1+ r/100)²

= 6400( 1+ 25/4*100)²

= 6400*17/16*17/16

= Rs. 7225

C.I= A-P

= 7225-6400

= Rs. 825

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