Archana invests 5600 at 14% p. a compound interest for 2 years. Calculate.The amount at the end of the 1 year.
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Answer:
amount after one year is 5600+ 784= 6384
Step-by-step explanation:
principle =5600
rate 14%
ci for one year = 14/100×5600 = 784 rs
ci for 2 Nd year 784 + 14% of 784
14/100×784= 109.76
=893.76
ci for 2 years is 893.76+ 784 = 1677.76
total amount will be = principal + ci
5600+ 1677.76
7277is right answer
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