Cole Donnelly
02/02/2024 · Junior High School
₹. ₹ 1600 पर \( 7 \frac{1}{4} \% \) वार्षिक ब्याज की दर से 2 वर्ष का चक्रवृद्धि ब्याज ज्ञात कीजिए।
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Step-by-step Solution
Given:
Principal amount (P) = ₹1600
Annual interest rate = \( 7 \frac{1}{4} \% \) = 7.25%
Time period (t) = 2 years
We need to find the compound interest after 2 years.
The formula for compound interest is:
\[ A = P \left(1 + \frac{r}{100}\right)^t \]
Where:
A = Amount after t years
P = Principal amount
r = Annual interest rate
t = Time period
Substitute the given values into the formula:
\[ A = 1600 \left(1 + \frac{7.25}{100}\right)^2 \]
Now, we can calculate the compound interest after 2 years.
Calculate the value by following steps:
- step0: Calculate:
\(1600\left(1+\frac{7.25}{100}\right)^{2}\)
- step1: Divide the terms:
\(1600\left(1+\frac{29}{400}\right)^{2}\)
- step2: Add the terms:
\(1600\left(\frac{429}{400}\right)^{2}\)
- step3: Simplify:
\(1600\times \frac{429^{2}}{400^{2}}\)
- step4: Rewrite the expression:
\(400\times 4\times \frac{429^{2}}{400^{2}}\)
- step5: Reduce the numbers:
\(\frac{429^{2}}{100}\)
The compound interest after 2 years is ₹1840.41.
Quick Answer
The compound interest after 2 years is ₹1840.41.
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