Question

what will be the compound interest on Rs 7600 at the rate of 8% per annum for 2 years? I need this answer pretty fast so could you please help me..............

Answer 1

Answer:

We have,

Amount A=Rs768.75

Principal value =?

Rate =r=5%

Time n=2year

So,

Using formula

A=P(1+

100

r

)

n

768.75=P(1+

100

5

)

2

768.75=P(1+

20

1

)

2

768.75=P(

20

21

)

2

P=768.75×

21

20

×

21

20

P=Rs697.2

Hence, this is the answer.

Answer 2

Step-by-step explanation:

$\large{\boxed{\red{\fcolorbox {red} {yellow} {Answer}}}}$

To Calculate :-

• Compound Interest

Given :-

• Principal amount = 7600rs
• Principal amount = 7600rsRate of Interest = 8% per annum
• Principal amount = 7600rsRate of Interest = 8% per annumTime= 2 years

$\large{\fcolorbox{red} {aqua} {Formula~=~P(1+R/100)n}}$

$ci = 7600 {(1 + \frac{8}{100}) }^{2} \\ ci = 7600 \times \frac{108}{100} \times \frac{108}{100} \\ = 8864.4 \: rs$