Question

18,000 for 2 years at 10% per annum compounded annually.
.​

Answer 1

Answer:

principal = 18000

Rate = 10%

time = 2 years

By using Simple interest formula :

$i = \frac{p \times r \times t}{100} \\ \\ i = \frac{18000 \times 10 \times 2}{100} \\ \\ i= \frac{ 3600\cancel{00}}{ \cancel{100}} = 3600$

interest = 3600 rs

Amount = interest + principal

18000 + 3600 = 21600

Answer 2

Step-by-step explanation:

principle=18,000

time=2 years

rate=10%

compound interest=ptr/100

=18000×10×2/100

=1800×2

=3600

amount =principle+interest

=18000+3600

=21600