Question

calculate the compound interest that Siddhartha will get, if he invest rupees 1800 at 14 %per annum for 2 years in a bank

Answer 1

Find the total amount after 2 years:

Amount = 1800( 1 + 0.14)²

Amount = 1800(1.14)²

Amount = Rs 2338.28

Find the interest:

Interest = Amount at the end of 2 years - Original amount

Interest = 2338.28 - 1800 = Rs 539.28

Answer: Rs 539.28

Answer 2

SOLUTION :-


To Find = Amount after 2 years


Amount = ₹ 1800( 1 + 0.14)²

Amount = ₹ 1800(1.14)²

Amount = ₹ 2338.28


Now ,

We have to find the interest

Interest = Amount at end of 2 years - Previously amount

Interest = ₹ ( 2338.28 - 1800 )

=> ₹ 539.28