Compound interest question with solution
Answers
Answered by
2
Find the compound interest on RS 8500 for 2 years at 8℅ per annum.
A=P(1+r/100)^2
A=8500(1+8/100)^2
A= 27/25×27×25×8500
A=Rs 9914.4
compound interest= 9914.4-8500
=1414.4
A=P(1+r/100)^2
A=8500(1+8/100)^2
A= 27/25×27×25×8500
A=Rs 9914.4
compound interest= 9914.4-8500
=1414.4
Answered by
1
Answer:
1414.4
Step-by-step explanation:
Similar questions