Question

Find the amount and the compound interest
on * 24,000 for 2 years at 10% per annum
compounded yearly.​

Answer 1

Answer:

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Step-by-step explanation:

Principal (P) = ₹ 24,000

Time (t) = 2 Years

Rate (r) = 10%

Amount = Principal – (1 + (r/ 2 × 100)) n × 2

= ₹ 24,000 × (1 + (10/200)) 2 × 2

= ₹ 24,000 × (210/200) 4

= ₹ 24,000 × 21/20 × 21/20 × 21/20 × 21/20

= ₹ 29,172

C.I. = Amount – Principal

= ₹ 29,172 - ₹ 24,000 = ₹ 5,172

Answer 2

Answer:

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