Question

find the amount and compound interest if P=18000,T=2 1/2,R%=10%​

Answer 1

Answer:

P=₹18000

T=2 years

R=10% p.a.

we know, A=P(1+R/100)^T

Amount=18000(1+10/100)^2

            =18000(11/10)^2

            =18000*11/10*11/10

            =18000*121/100

            =180*121

            =₹21780

therefore, amount is ₹21780

now, we know that,

Compound Interest=Amount - principal

Compound interest=₹21780-₹18000

                                =₹3780

Therefore, the amount is ₹21780 and the compound interest is ₹3780.

Step-by-step explanation:

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