Question

find the amount and compound interest on₹ 18000 for 2 years 4 months at 12% per annum compounded annually​

Answer 1

Answer:

A=P(1+R100)tP = 10800, R =1212%

and t = 3 years

So, A=10800(1+25200)3=10800(1+18)3=10800(98)3=1080×98×98×98=15377.34

So, Interest =A–P=15377.54−10800=4577.34