Math, asked by Anonymous, 3 months ago

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Answers

Answered by Anonymous
5

Step-by-step explanation:

Interest for 1 year = 5.5%

Interest for 2 years = 5.5 x 2 = 11%

Principal Amount = Interest Amount / Interest Rate

= 6600 / 11%

= 60,000/-

Compound Interest for 2 years @ 5.5% = 11.3025%

Interest Amount = 60,000 x 11.3025%

= Rs. 6781.50

Answered by Talentedgirl1
3

Answer:

6781.50

Step-by-step explanation:

simple interest = P×R×T

simple interest = P×R×T 100

simple interest = P×R×T 100compound interest = P [ ( 1+ R )^T -1 ]

100

simple interest= ₹6600

P×5.5×2 =6600

100

P ×11 = 6600×100

P = 6600×100

11

P= ₹60000/-

now it's time to find compound interest

compound interest= 60000 [(1+.055) ² -1 ]

= 60000[ 1.113025 - 1]

= 60000[ 0.113025]

= ₹6781.50

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