Math, asked by aakashn882, 6 months ago

B. 1. Using the formula, calculate the amount and the compound interest in each of the following:

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Answers

Answered by kamalrajatjoshi94

1

Answer:

P=Rs8800

R=17/2%

T=2

A=?

A=P(1+r/100)^n

A=Rs 8800(1+17/2÷100)^2

A=Rs 8800(1+17/2×1/100)^2

A=8800(1+17/200)^2

A=Rs 8800(217/200)^2

A=Rs 8800×47089/40000

A=10359.58

Now,

CI=A-P

10359.58-8000

1559.58

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