Question

find the amount and the compound interest p=4800 R=15/2% T=2 years​

Answer 1

Answer:

P = Rs.4800

R = 15/2%

T = 2 years

Amount (A) = P × (1 + R/100)ⁿ

=> A = 4800 × (1 +15/200)²

=> A = 4800 × (43/40)²

=> A = 4800 × 43/40 × 43/40

=> A = Rs.5547

Hence, Compound Interest = Rs.(5547-4800) = Rs.747