Question

calculate the compound interest on 10000 for 2 years at 7% per annum​

Answer 1

Answer:

11400

Step-by-step explanation:

To Find: Compound interest (C.I)

Given:

Principle amount (p) = 10,000.

Interest rate (r) = 8% per annum = 7/100 = 0.07. Compounded (n) = 1 year.

Time in years (t) = 2.

Formula: A = P(1+r/n)^nt.

A = 10,000(1+0.07/1)^2.

= 10,000(1+0.07)^2.

=10,000(1.07)^2.

= 10,000(2.14)

= 21400.

Now, we need to find the C.I.

C.I. = A - P

= 21400 - 10000

= 11400

Answer 2

Answer:

Yup

Step-by-step explanation:

you have write wrong question pls correct it