Question

3. What is the compound interest
on rupees 17000 compounded
annually at a rate of 9% for 2 years.​

Answer 1

Step-by-step explanation:

i hope this answer may help u

Answer 2

Answer:

20211.3

Step-by-step explanation:

Given that

Principal= 17000

Rate of interest=9%

Time=2

Compound interest formula

$p \times (1 + \frac{r}{100} )^{t}$

p= principal

r= rate

t= time

According to the formula, substitute the values

17000×(1+9/100)^²

=17000×109/100×109/100

=17×109×109/10

=17×11889/10

=202113/10

=20211.3