The compound interest of Rs6250 for 2 yrs at the rate of 4% per annum is?
Akash98987:
the answer is 6760
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here is your ans
formula
A= P(1+R/100)^n
A= 6250(1+4/100)^2
= 6250(104/100×104/100)
= 6250×26×26/25x25,
& solve it
amount A=6760
CI= A-P
CI= 6760-6250
CI= 510₹
formula
A= P(1+R/100)^n
A= 6250(1+4/100)^2
= 6250(104/100×104/100)
= 6250×26×26/25x25,
& solve it
amount A=6760
CI= A-P
CI= 6760-6250
CI= 510₹
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