Calculate the amount and the compound interest on rs 20000 in 2 1/4 years at 10% per annum.
Answers
Answered by
13
Question:-
- Calculate the amount and the compound interest on rs 20000 in 2 1/4 years at 10% per annum.
To Find:-
- Find the amount and compound interest.
Solution:-
Given ,
- Principal = 20000
- Time = 2¼
- Rate = 10% per annum
Now,
We have to find the amount:-
Hence,
Compound Interest is 4783.5
Answered by
2
Answer:
Compound Interest C.I. = Amount - Principal = 28,800 - 20,000 = Rs. 8,800.
hope it helps
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