Question

Find the amount and the compound interest : If Principal = Rs. 13924, Rate = 18 p.c.p.a. and duration = 2 Years. *​

Answer 1

Answer:

Amount= Rs.19387.77, C.I= Rs.5473.77

Step-by-step explanation:

Principal for the 1st yr = Rs.13924

Interest for the 1st yr = Rs.(13924x18x1)/100 = Rs. 2506.32

Amt. at the end of the 1st yr = Rs.(13924+2506.32) = Rs.16430.32

Principal for the 2nd yr = Rs.16430.32

Interest for the 2nd yr =Rs.(16430.32x18x1)/100 = Rs.2957.45

Amt. at the end of 2 yrs = Rs.(16430.32+2957.45) = Rs.19387.77

Compound Interest = Amt. - Original Principal = Rs. 5473.77

I hope this helps....