Math, asked by madhurigummidelli, 1 month ago

Find the
amount and the compound Interest
on 28000 at 5% per annum, for 2 years
Compounded Annually?​

Answers

Answered by pinkisaha8084
0

Answer:

A = 286650

CI = 258650

Step-by-step explanation:

Formula = p(1+5/100) ^2

A = 28000 ( 1 + 5 / 100 ) ^2

= 28000 * 21 / 20 * 21 / 20

A = 286650

Therefore, CI = A - P

= 286650 - 28000 = 258650

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