Question

if principal =rs 1250 rate of interest=8 pcpa time =2 years .find the amount and compound interest​

Answer 1

Answer:

Step-by-step explanation:

P= 1250 Rs
R=8%
t=2 yrs

First-year

1250*8*1
  100

=> 100

Amount= 1250 + 100 = 1350

2nd year

1350*8*1
  100

=> 108

Therefore the Amount = 1350+108 = 1458.

And compound interest = 100 + 108

=> 208


I think this is write, correct if me if I am wrong