Question

If p=Rs 2500,N= 2 years, R= 10% find the amount​

Answer 1

Given :

• Principal (P) = Rs 2500
• Rate (R) = 10% p.a
• Time (n) = 2 years

To Find :

• Amount

Solution :

We know that,

★ Amount = Principal (1 + Rate/100)^n

⟶⠀Amount = P ( 1 + R/100)^n

⟶⠀Amount = 2500 (1 + 10/100)²

⟶⠀Amount = 2500 (110/100)²

⟶⠀Amount = 2500 × 110/100 × 110/100

⟶⠀Amount = 25 × 110 × 110/100

⟶⠀Amount = 25 × 11 × 11

⟶⠀Amount = 25 × 121

⟶⠀Amount = Rs 3025

So, Amount is Rs 3025

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