please answer my question
I will mark u as brailnliest
Answers
Answer:
₹656
Step-by-step explanation:
Given,
principal= ₹ 6400
rate=5%
time=2 years.
So,
interest of 1st year= p×r×t÷100
= ₹6400×5×1÷100
= ₹320
Now,
amount of 1st year= principal of second year.
amount at end of 1st year=principal+interest.
amount at end of 1st year = 6400+320=6720 ₹
= ₹6720
interest of 2nd year = 6720×5×1÷100
= ₹336
amount at end of 2nd year = 6720+336
= ₹7056
compound interest after 2 years=amount-principal of 1st year
Compound Interest =7056-6400
= ₹656
(Mark me as brainliest)
Answer:
P = Rs. 6400, n = 2 years, R = 15/2 %
A = P [ 1 + R / 100 ] n
A = 6400 [ 1 + 15/2× 100 ] 2
A = 6400 × 215 / 100 × 215/ 200
A = Rs. 7,396
Compound interest = A-P
Compound interest = Rs. 7,396 - 6,400
= Rs. 996.
Step-by-step explanation:
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