Question

Find the compound interest and amount rate.
Please step by step explanation


p=₹24000 r=10 t= 2 years​

Answer 1

Answer:-

= ₹ 29, 172 - ₹ 24,000 = ₹ 5,172

Step-by-step explanation:

principal (p) = ₹ 24,000

time (t) =2 years

rate ( r) = 10%

Amount = principal- (1+(r/2×100))2×2

= ₹ 24,000× (1+(10/200))2×2

= ₹ 24,000 × (210/1200)4

= ₹ 24,000 × 21/20 × 21/20×21/20×21/20

= ₹ 29, 172

C.I . Amount - principal

= ₹ 29,172- ₹ 24,000 = ₹ 5,172

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