Question

calculate the interest on 30000 at 12% per annum compounded annually for 7/2 years​

Answer 1

Answer:

<b>Compound Interest= a¹7632 < /b>

Step-by-step explanation:

Solution ;-

Given ;-

• Principal = ₹30000

• Time = 2 years

• Rate = 12% p.a.

Now ,

Finding the the Compound Interest ;-

We know that ;-

A = P ( 1 + R /100 )n

So ,

Then ,

CI = A - P

Hence ,

<b>Compound Interest= a¹7632 < /b>