Find the amount on Rs. 62500 for 2 years at 8% per annum compounded annually.

Question

Find the amount on Rs. 62500 for 2 years at 8% per annum
compounded annually.

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Adalynn 4 weeks 2021-09-22T00:58:20+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-09-22T00:59:42+00:00

    Answer:

    ₹72,500

    Step-by-step explanation:

    Sum = 62500

    Time = 2 yrs

    Rate = 8%

    I = PRT/100

    I = \frac{PRT}{100} \\\\I = \frac{62500 * 2 * 8}{100} \\\\\\I = \frac{625 * 2 * 8}{1} \\\\I = 10000

    Therefore, the interest on the sum is ₹10,000

    Amount = Sum + Interest

    Amount = 62500 + 10000

    Answer: Hence the amount is ₹72,500

    0
    2021-09-22T00:59:48+00:00

    Answer:

    625×2×8 is a answers please follow me

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