Question

use the formula and calculate the amount and compound interest when principal 6250 rate 10% time 2 years​

Answer 1

Answer

Find compound interest on Rs 6250 at 16% per annum for

2 years compounded annually

Compound Interest =[Principal[1+

100

Rate%

]

time

]− Compound Interest

So we know that

Principal =Rs6250

Rate %=16%

Time =2 years

C.I=P[1+

100

R

]

T

−C.I

=6250[1+

100

16

]

2

−6250

=6250[1+

25

4

]

2

−6250

=[6250×

25

29

×

25

29

]−6250

=8410−6250

=RS2160(Anu)

refer attachment also for writing in copy☺️

Answer 2

answer is in attachment ✔️