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si=2500×2×10/100
Hello friend Hope it helped !!☺ Present value= ₹ 2500 Interest rate= 10% per annum Time=2 years To find the amount we have the formula, Amount (A) = P (1+(R/100))n Where P is present value, r is rate of interest, n is time in years. Now substituting the values in above formula we get, ∴ A = 2500 (1 + 10/100)2 ⇒ A = 2500 (11/10)2 ⇒ A = 2500 (121/100) ⇒ A = 25 (121) ⇒ A = ₹ 3025 ∴ Compound interest = A – P = 3025 – 2500= ₹ 525
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Find the amount and the compound interest on 2500 for 2 years at 10% per annum compounded annually
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