calculate the compound interest on rs 6500 at 10 percent per annum compounded annually​

2 thoughts on “calculate the compound interest on rs 6500 at 10 percent per annum compounded annually​”

1. Step-by-step explanation:

   For first year

   P=6500,R=5%, T=1

   Interest =

   100

   PRT

   =

   100

   (6500×5×1)

   =325

   Amount = Interest + Principle =325+6500=Rs.6825

   For second year principle will be amount of previous year (since interest is compounded)

   P=6825,R=6%, T=1

   Interest =

   100

   PRT

   =

   100

   (6825×6×1)

   =Rs.409.5

   Amount=P+I=6825+409.5=7234.5

   Total interest =325+409.5=Rs.734.5

   ∴ Amount after 2 years will be Rs.7234.5 and interest Rs.734.5

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2. P=6500

   R=5%

   T=1

   Interest =100

   PRT

   =100

   (6500×5×1)

   =325

   Amount = Interest + Principle

   =325+6500

   =Rs.6825

   P=6825

   R=6%

   T=1

   Interest =100

   PRT

   =100

   (6825×6×1)

   =Rs.409.5

   Amount=P+I

   = 6825+409.5

   =7234.5

   Total interest =325+409.5

   =Rs.734.5

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