Question

what will be the compound instersr on Rs 7600at the rate of 5% per annum for 2year

Answer 1

you use this formula
A=P×[1+R÷100]^TIME

Answer 2

p=Rs. 7600
t=2 yrs
r=5%p.a

S.I. for 1st yr.= p*r*t/100
                     = 7600*5*1/100
                     =  Rs. 380
Amt. for 1st yr.=7600+380= Rs. 7980
  
S.I. for 2nd yr.= 7980 * 5 * 1/100
                      = Rs. 399
C.I. = 380+399
      = Rs. 779

hope it helps 
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