Question

1. Find the amount and the compound interest on 10,000 for 2 years at 9% p.a. compounded annually.​

Answer 1

Answer:

18000 is your answer

Step-by-step explanation:

principal=10,000

rate of interest=9

time= 2 years

$\frac{p\times r \times t}{100} is \: formula \: of \: interest$

then multiply the principal with

rate of interest and there

was a

product multiply 2 product

with time

now the answer is 18,00,000

but it is not simple interest

because in 100 there was a 2 zeros

there was a rule when we

multiply P×N×T there was a answer now

see here is an answer

1800000 but in

100 there was a 2 zeros and cut the 2

zeros from 1800000

and the simple interest is 18000.

good morning have a nice day ahead