Question

Find the amount and compound interest:- 1)Rs. 14000 for 2 years at 7% p.a ?​

Answer 1

Step-by-step explanation:

$ci = p(1 + i) ^{n} \\ 14000(1 + 0.07) ^{2} \\ 14000(1.07)^{2} \\ = > 14000 \times 1.1449 \\ = 16028.6$