Question

rs 6250 at 16% for 2 years compounded annually

Answer 1

Answer:

rs 6250 at 16% for 2 years compounded annually will give 8410 Rs

interest = 2160 Rs

Step-by-step explanation:

compound interest + P is given by

P (1 + R/100)^n

=> 6250 ( 1 + 16 / 100)²

=>6250 * 116/100 * 116/100

= 8410 Rs

and interest is

amount -principal

=>8410 - 6250 = 2160 Rs

Answer 2

Answer:

Rs. 2160

Step-by-step explanation: