Question

PLEASE SOLVE THE BELOW QUESTION WITH STEP BY STEP METHOD ONLY WHERE:~

Principal = Rs.25,000
Rate = 8% per annum
Time = 2years

☆PLEASE NOTE----
SOLVE THE ABOVE QUESTION BY THE FORMULA~
A = P(1+R÷100)^(n)
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Then also find the C.I. using its
formula - C.I. = A - P
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PLEASE SOLVE AS FAST AS POSSIBLE!!!!!!
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Answer 1

Answer:

given that :

principal = 25000 rs

rate = 8% per annum

time = 2 years

then according to question:-

$a = p(1 + \frac{r}{100} ) {}^{n} \\ \\ a = 25000(1 + \frac{8}{100} ) {}^{2} \\ \\ a = 25000(1 + \frac{2}{25} ) {}^{2} \\ \\ a = 25000( \frac{25 + 2}{25} ) {}^{2} \\ \\ a = 25000( \frac{27}{25} ) {}^{2} \\ \\ a = 25000 \times \frac{27}{25} \times \frac{27}{25} \\ \\ a = 1000 \times 27 \times \frac{27}{25} \\ \\ a = 40 \times 27 \times 27 \\ \\ a = 29160 \\ so \: the \: amount \: is \: 29160$

then C .I

compound interest= amount - principal

C.I = 29160 - 25000

C. I = 4160