Question

calculate the amount and compound interest by using the formula when principal=13500,rate=5% time =2 year​

Answer 1

Answer:

1383.75 rs

Step-by-step explanation:

13500(1+5/100)^2=14883.75

compound interest=14883.75 -13500 =1383.75

Answer 2

Step-by-step explanation:

Given Principal = 13500

Rate = 5%

Time = 2 years

Therefore, Amount = Principal (1 + Rate/100)^Time

= 13500(1 + 5/100)^2

= 13500(1 + 1/20)^2

= 13500(20+1/20)^2

= 13500(21/20)^2

= 13500 × 21/20 × 21/20

= 14,883.75

Compound Interest = Amount - Principal

= 14883.75 - 13500

= 1383.75