Question

Find the compound interest and the amount earned on Rs. 20,000 for a period of 1 and 1/2 years at 20%
Please explain in a proper manner after that i will mark as brainliest

Answer 1

$\huge\boxed{\fcolorbox{black}{yellow}{ANSWER..}}$

Rs.8800

Step-by-step explanation:

The amount at the end of “n" years of Investing in compound interest,

A = P(1+r/100)^n

Here,

The Principal P = 20,000,

Number of years n = 2,

Rate of interest r = 20%.

Therefore,

Amount A = 20000(1+20/100)²

=20000(36/25) 

= Rs.28,800.

Compound Interest C.I. = Amount - Principal

= 28,800 - 20,000

= Rs.8,800.