Question

Find the compound interest for the following data : (a) P=8400,R=13%,No of years =2.5 and second question (b) P=10500,R=8%,No of years =2

Answer 1

Answer:

Step-by-step explanation:

a. p= 8400

r=13%

t=2 1/2

I= p×r×t/100

I= 8400×13%×2/100×1/2

I= 4290

b. p= 10500

r=8%

t= 2 y

I= p×r×t/100

I= 10500×8×2/100

I= 1680