Question

Principal = 25000time compound intrest = 2yrsrate = 8%find amount and c.i

Answer 1

Answer:

Step-by-step explanation:

GIVEN: P=25000,R=8%,TIME=2YEARS

WE KNOW THAT; A=P(1+1/R)^T

A=25000*(1+1/8)^2

A=25000(9/8)^2

A=25000*18/16

A=28125

A=C.I+P

C.I=A-P

C.I=28125-25000

C.I=3125