Question

find the amount to be paid.At the end of 2 years.on$1800 at 8% per annum compounded annually​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

using formula:-

I= P×n(n+1)/2× 1/12×R/100

I= 1800× 24(25)× 1/12× 8/100

I= 18×2×25×8

I= Rs 7200

Mv= P× n+ I

mv= 1800× 24+ 7200

mv= Rs 50400