Question

calculate the compound interest and amount on Rs. 1850 at 10% p.a for two years

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

Given,

P = 1850, R = 10%, T = 2 years

Now,

A = P(1 + r/100)^n

  = 1850(1 + 10/100)^2

  = 1850(110/100)^2

  = 2238.5

we know,

CI = A - P

    = 2238.5 - 1850

    = 388.5

Hope it helps!