Question

65000 rate 9.5 % per annum time 7.2 years find the compound interest​

Answer 1

Answer:

Step-by-step explanation:

Compound Interest = CI

Principal = P

Rate = R

Time = n

$CI = P (1 +R)^n\\\\ = 65000 (1 + \frac{9.5}{100} )^{7.2} \\\\ = 65000 ( 1 + 0.095)^{7.2}\\\\ = 65000 ( 1.095) ^{7.2}\\\\ = 65000 (1. 922125136)\\\\ = 124938. 1338$

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