Find the compound interest
(a) P=31250, r = 4% p.a., t = 2 years
Answers
Answered by
0
Answer:
2550.
Step-by-step explanation:
Amount =P(1+r/100)^n
31250(1+4/100)^2
31250×104/100×104/100
33800.
Compound Interest=Amount- Principle
33800-31250
2550.
Similar questions