Calculate the amount if 18000 Rs. is invested at 15%p.a. compounded annually for 2 years
Answers
Answered by
0
Answer:
5805
Step-by-step explanation:
ci=principal(1+r/100) t
t is whole power
18000[1+15/100]²-1=5805
or alternative
effective rate of interest formulae
x+y+xy/100
15+15+15x15/100
30+225/100
32.25%
18000×32.25/100=5805
Answered by
11
Answer:
Step-by-step explanation:
Principle = 18,000
Rate of interest = 15
Time = 2
Amt = p( 1 + r/100)ⁿ
Amt = 18,000( 1 + 0.15)²
Amt = 18,000(1.15)²
Amt = 18,000 * 1.3225
Amt = 23,805
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