Question

Principal= 8125 Rate= 6% Time= 1 years Find amount in Compound Interest​

Answer 1

Answer:

Step-by-step explanation:

Principle = p = 8,125

Rate of interest = 6%

Time = 1 yrs

$\bold{CI = P(1+i)^n-1}$

$CI = 8,125(1 + 0.06)^1-1$

$CI = 8,125(1.06 - 1)$

$CI = 8,125(0.06)$

$\bold{CI = 488}$

Thus the compound interest for 8125 at the rate of 6% for 1 yrs is 488

$\boxed{Amount= Principle + Interest}$

Amount = 8,125 + 488 = 8,613

Thus the amount is 8,613

Answer 2

Answer:

p = 8125

r = 6

t = 1

CI = P ( 1+ i ) n -1

CI = 8125 ( 1 + 0.06 ) ¹ - 1

CI = 8125 ( 1.06 - 1 )

CI = 8125 ( 1.06 )

CI = 488

Thus , the compound interest for 8125 at the rate of 6 % for 1 yrs is 488 .

Amount = Principal + Interest

Amount = 8125 + 488 = 8613

Thus , the amount is 8163 .