Question

find compound interest when
principal =18000
Rate = 8%
Time = 2 years
{with solution}​

Answer 1

Answer:

Explanation:

C.I = P(1+R/100)into power n year : Here n = Year

CI= 18000(1+8/100)×2

C.I= 18000(9/100×9/100)

C.I= 18×9×9/10

C.I = 1429/10

C.I = 142.9

Finally The Answer Is

C.I = A - P

Here A = 142.9 Or P = 18000.

C.I = 18000 - 142.9

C.I = 17,587.1

Hope it's Help to solve your problem.