what will the compound interest on 7600at the rate of 5% per annu
m for 2 years
Answers
Answered by
1
Answer:
Rs 779
Step-by-step explanation:
C.I = p [ (1+ r/100)^t - 1 ]
7600[ (1+ 5/100)^2 - 1 ]
= 7600 × (1.1025 - 1)
= 7600 × 0.1025 = Rs 779 Answer
Answered by
0
Answer:
779
Step-by-step explanation:
Total amount after 2 years = p(1+r/100)^n
= 7600(1+5/100)^2
= 7600 (105/100)^2
= 7600 (105/100) (105/100)
=8379
So, compound interest = (8379-7600)
= 779
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