What will be the compound interest on rupees 7600 @ 5% per annum for 2 years I want the answer with explanation
Answers
Answered by
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
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
8
Answer:
correct answers
please support me like me
Attachments:
Similar questions
English,
7 months ago
Computer Science,
7 months ago
English,
1 year ago
Science,
1 year ago
Math,
1 year ago