Math, asked by pvarma4314, 6 months ago

Calculate the amount and the compound interest if principal =8800, rate= 8 1/2% and time=2 years

Answers

Answered by ketankpatil

1

Answer:

A=P(1+R/100)^N

Given:: P=8800

R=17/2%

N=2 yrs

A=8800(1+8.5/100)^2

8800(108.5/100)2

8800×108.5/100×108.5/100

A=10359.58

CI=A-P

CI=10359.58-8800=1559.58

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