Question

the compound interest on Rs 1600 at 2.5 % p.a for 2years is​

Answer 1

hey Mate here is your answer ✌️

Answer 2

Answer :-

Given :-

Principal = ₹ 1600

Time = 2 years

Rate = 2.5 %

$\sf{\star{We\ know\ that\ :-}}$

$\boxed{\sf{Amount\ =\ P {(1 + \dfrac{r}{100})}^{t}}}$

$\implies{\sf{A = 1600 {(1 + \dfrac{2.5}{100})}^{2}}}$

$\implies{\sf{A = 1600 \times \dfrac{1025}{1000} \times \dfrac{1025}{1000}}}$

$\implies{\sf{A = 1681}}$

$\sf{Compound\ Interest\ =\ Amount - Principal}}$

$\implies{\sf{1681 - 1600 }}$

$\implies{\sf{81}}$

So, the compound interest is ₹ 81.