Question

find SI and CI of p=60000,r=10%,t=7/2years​

Answer 1

Step-by-step explanation:

finding simple interest

given p=60,000,r=10%&t=7/2

SI = 60,000*10*7/100*2

SI = 21,000ANS

find compound interest

CI = 60,000(1+10/100)^7/2-1

CI =60,000*0.974-1

CI=58,439ANS