Question

P=62500
r=4%
T=2year

Answer 1

Answer:

SI = (P×R×T )/100= 62500×4×2/100=

=5000

Amount = P (1+r)^t

= 62500(1+4/100)^2

62500 × 104/100 × 102/100

= 62500 ×1.04× 1.04

= 67600

CI = 67600-62500 = 5100