Question

find the amount and compound interest compounded annually on30000 at 20% p. a. for 13\5 years​

Answer 1

Step-by-step explanation:

13/5 = 2.6 years

A = 30000 ( 1 + r/100 ) n

= 30000 ( 1 + 20/100 ) ².⁶

= 30000 ( 1+0.2)².⁶

= 30000 × 3.7

= 1,12,320

C.I = A - P

= 112320 - 30000

= 82320

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