Question

To
)
find the compound interest on 6500
for two years at 9
% per annum​

Answer 1

Answer:

Step-by-step explanation:

Given, P = 6500, Time = 2 years, R = 9%.

We know that A = P(1 + r/100)ⁿ

                          = 6500(1 + 9/100)²

                          = 6500(109/100)²

                          = 6500(1.09)²

                          = 7722.65.

We know that CI = A - P

                           = 7722.65 - 6500

                           = 1222.65.

Answer 2

Answer:

1222.65

Step-by-step explanation:

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