alitlent 18,000 to Ram at the rate of 12% per annum compounded annually. Find the amount
and compound interest payable by Ram to Lalit after 4 years. Calculate up to two decimal
ate of
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Step-by-step explanation:
p=18000
R=12%
t=4y
I=PTR/100
I=18000×12×4/100
I=864
A=p(1+r/n)nt
A=18000(1+12/100) 4
A=18000(112/100) 4
A=80640
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