Q1 of 30 Page 125

Use the formula to find the amount and the compound interest.

Given: Principal (P) = Rs. 6400, Rate of Interest (R) = 12.5% and Number of years (n) = 2year

As Amount (A):







⇒ A = Rs. 8100


As compound interest (CI),


CI = A - P


CI = 8100 - 6400


⇒ CI = Rs.1700


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