Question

What will be the compound interest on 7600 at the rate of 5% per annum for 2 years?
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Answer 1

Step-by-step explanation:

solve:.r=5%

t=2years

p=7600

c.i.=(1+r/100)^t-p

=(1+5/100)^2-7600

(1+1/20)^2-7600

(21/20)^2-7600

21/20×21/20-7600

441/400-7600

-3039559/400 or -7598.8975 is the correct answer

I hope it will help you mark me

Answer 2

Answer:

solve:.r=5%

t=2years

p=7600

c.i.=(1+r/100)^t-p

=(1+5/100)^2-7600

(1+1/20)^2-7600

(21/20)^2-7600

21/20×21/20-7600

441/400-7600

-3039559/400 or -7598.8975 is the correct answer

I hope it will help you mark me

Step-by-step explanation: