Question

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

Answer 1

Answer:

given

p=13500

r=5%

time=2years

Step-by-step explanation:

a=p(1+r/100)

a=13500(1+5/100)

a=13500(105/100)

a=14,175

CI=p+a

CI=13500+14175

CI=27675

I think the answer is right

THANK YOU