Question

If rupees 6400 is invested at the compound interest at the rate of 6% per annum then find amount after 2 years and interest earned in 2 years

Answer 1

768 interest earned in 2 years

Answer 2

Amount earned in 2 years is Rs. 7191.04 and interest earned in 2 years is Rs. 91.04.

Step-by-step explanation:

Since we have given that

Sum = Rs. 6400

Rate of interest = 6% p.a.

Time = 2 years

So, Amount after 2 years would be

$A=P(1+\dfrac{r}{100})^n\\\\A=6400(1+\dfrac{6}{100})^2\\\\A=6400(1+0.06)^2\\\\A=6400(1.06)^2\\\\A=7191.04$

Interest earned in 2 years would be

Amount - Principal

$7191.04-6400\\\\=Rs.\791.04$

Hence, amount earned in 2 years is Rs. 7191.04 and interest earned in 2 years is Rs. 91.04.

# learn more:

If rs 6400 is invested at compound interest at rate of 24/4 per annum then find amount after 2 years​

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