Find the amount when interest is compounded annually, where Principal = 2500, rate = 9%p.a. Time = 
2yrs

Asked by artisethilyf | 14th Jan, 2020, 08:59: PM

Expert Answer:

 
 
P = Rs. 2500, r = 9% , n = 2 years
 
begin mathsize 16px style straight A equals space straight P open parentheses 1 plus space straight r over 100 close parentheses to the power of straight n
space space space equals space 2500 open parentheses 1 plus space 9 over 100 close parentheses squared
space space space equals space Rs. space 2970.25 end style
 

Answered by Yasmeen Khan | 15th Jan, 2020, 11:07: AM