Question

find compound Intrest if p =9500 R=11% N= 2 years​

Answer 1

Given, P = Rs 9500, rate = 11%, time = 2years

A = P (1 + R/100) n

= 9500 (1 + 11/100)2

= 9500 (111/100)2

= 9500×1.2321

= Rs 11704.95

Compound interest (CI) = A-P

= Rs 11704.95-9500

= Rs 2204.95