Question

find amount and compund interest if principal=360,rate=20%,time=2years​

Answer 1

Step-by-step explanation:

Amount = P{1+R/100}^n

= 360{1+20/100}^2

= 360×120/100×120/100

= 518.3Rs

Therefore

Compound interest= Amount- Principal

=518.3-360

= 158.4

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