Answered

IDNLearn.com is your go-to platform for finding accurate and reliable answers. Our platform offers detailed and accurate responses from experts, helping you navigate any topic with confidence.

2 points The compound interest on a certain sum for the first year for 4 % is Rs. 25. The compound interest for 2 years at the same rate on the same sum will be ...​

Sagot :

Numeniusidn

Answer:

The interest for the two years is Rs 51.

Step-by-step explanation:

Rate, R = 4 %

Compound interest for 1 year = Rs 25

Let the sum is P.

For first year,

[tex]A = P \left ( 1+\frac{R}{100} \right )^1\\\\A = P(1+0.04)\\\\A - P = 0.04 P\\\\0.04 P = 25\\\\P= Rs625[/tex]

For 2 year

[tex]A = P \left ( 1+\frac{R}{100} \right )^2\\\\A = 625(1+0.04)^2\\\\A = 676\\[/tex]

Interest is

Interest = Rs 676 - Rs 625 = Rs 51

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.