Question

Q. Find the compound interest on rupees 6400 for 2 years compounded annually at seven and half percent per annum.​

Answer 1

Answer:

the ans is 927.36 hope it helps u

Answer 2

Step-by-step explanation:

INTEREST ON 6400 FOR 1ST YEAR IS (6400 *7.5)/100

= 480

add 480 in 6400

6400+480 = 6880,

interest for 2nd year will be

(6880*7.5)/100

=516

total compound interest will be 480+516= 996.

HOPE IT HELPS

I HAVE CHOOSEN BASIC METHOD FOR YOU WITHOUT DIRECTLY TAKING FORMULA SO THAT YOU UNDERSTAND HOW IT WORKS ACTUALLY.