Question

What is the compound interest on rs. 2500 for 2 years at rate of interest 4% per annum?

Answer 1

Answer:

compound interest CI = Rs.204

AMOUNT A =Rs.2704

Step-by-step explanation:

Answer 2

The compound interest is Rs 204

Step-by-step explanation:

Given: Principal = Rs 2500

          Rate = 4%

          Time = 2 years

To find: Compound interest

As we know

$A= P(1+\dfrac{R}{100} )^t$ where A is amount , P is principal , R is rate of interest and is time in years

Therefore we have

$A= 2500(1+\dfrac{4}{100} )^2\\\\\Rightarrow A= 2500\times (1+\dfrac{1}{25} )^2\\\\\Rightarrow A= 2500\times \dfrac{26}{25} \times \dfrac{26}{25} = 2704$

Interest = Amount - Principal = Rs. 2704 - Rs. 2500= Rs. 204

Hence, the compound interest is Rs 204

#learn more

Find compound interest on the sum of Rs 1500 at the rate 12%per annum for 3 years

brainly.in/question/14915593