Question

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​

Answer 1

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