Math, asked by rishab8227, 1 year ago

What will be the compound interest on rupees 7600 @ 5% per annum for 2 years I want the answer with explanation

Answers

Answered by ashu5482
52
Given
Principal = 7600
Rate. = 5% p.a.
Time. = 2 years

Amount = Principal ( 1+ rate/100) to the power n
Amount = 7600(1+5/100) to the power 2
= 7600(105/100) to the power 2
= 7600* 105/100 * 105/100

= 8379

: Compound interest = Amount - Principal
= 8379 - 7600
= 779
Answered by sumankumari088
8

Answer:

correct answers

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