Question

principal 625 rate of interest 4% per annum time in yaar 2. the amount and the compound interest by using the formula for compound interest

Answer 1

this is right answer CI =676

Answer 2

⚡Hey mate⚡

✨Here is your answer✨

Principle = 625

Interest = 4 %

Time = 2 years

Formula - :

$compound \: interest \: = \: price \: (1 \: + \: rate \: \div 100) ^{time}$
$C I = 625 ( 1 + 4 /100) ^{2}$
$C I = 625 (1 + 1 / 25) ^{2}$
$C I = 625 ( 25 + 1 / 25)^{2}$
$C I = 625 ( 26 / 25)^{2}$
$C I = 625 × 26 /25 × 26 /25$
$C I = 25 × 26 × 26 / 25 \:$

$C I =26 × 26 \:$
$C I = 676 \:$

$Your \: answer \: is \: 676 \:$
$I \: hope \: it's \: helpful \: for \: you \: . \: Thank \: you \:$
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