फाइंड द कंपाउंड इंटरेस्ट एंड अमाउंट फॉर ईच ऑफ द फॉलोइंग p=14000 R=6.5%p.a T=2years
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Given :
- Principal (P) = 14000
- Rate (R) = 6.5
- Number of years (n) = 2
To Find :
- Compount Intereset (CI)
Formula used :
- Amount = Principal(1 + Rate/100)ⁿ
- Compound Interest = Amount - Principal
Solution :
A = P( 1 + R/100)ⁿ
= ₹ 14000(1 + 6.5/100)²
= ₹ 14000(106.5)²/1000
= ₹ 1.4(106.5)²
= ₹ 1.4 × 11342.5
= ₹ 15879.15
CI = A - P = ₹ 15879.15 - 14000
= ₹ 1879.15
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