Math, asked by ayazmuhammedponni, 1 year ago

What sum will become ₹2025 in 2 years 12.5 per annum compound interest?
(Please do it with the steps)

Answers

Answered by mysticd
1
Solution :

Principal ( P ) = Rs 2025

Rate of interest ( r ) = 12.5% per annum

Time ( T ) = 2 years

Number of times Interest paid (n) = 2

Let the amount = A

A = P( 1 + r/100 )ⁿ

= 2025( 1 + 12.5/100 )²

= 2025( 1 + 1/8 )²

= 2025 ( 9/8 )²

= 2025 × 9/8 × 9/8

= Rs 2562.89

Therefore ,

Compound Interest = A - P

= Rs2562.89 - Rs 2025

= Rs 537.89

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