Question

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

Answer 1

Answer:

here's itt

Step-by-step explanation:

Given:-

P = ₹7600

R = 5%

T = 2 years

To find:-

Compound interest

Solution:-

A = P (1 + r/100)^t

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

A = 7600 (105/100)^2

A = 7600 (21/20)^2

A = 7600 × 21/20 × 21/20

A = 76 × 21/2 × 21/2

A = 38 × 21 × 21/2

A = 19 × 21 × 21

A = ₹8379

C.I = A - P

C.I = 8379 - 7600

C.I = ₹779

Hope my answer helps you :)

Answer 2

I hope this answers your question.