Question

find the amount of the compound interest on 350000 for 2 years at 20% per annual​

Answer 1

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Answer 2

Answer:

504000 and 154000

Step-by-step explanation:

P=350000

R= 20 %

T=2 years

A= p*[1 +r/100]n

A=350000*[1+20/100] ²

A=350000*[1+1/5]²

A=350000*6/5*6/5

A=14000*6*6

A=504000

So,compound interest=Amount-Principal

C. I=504000-350000

C. I=154000