Economy, asked by safruddeensaifi514, 11 months ago

Find the compound interest for the second year on 14000 at 18% p.A. If the interest is compounded annually.

Answers

Answered by sprajithraj

2

Interest for 1st year = (14000*18*1)/100

= ₹2520

Interest for 2nd year = ((14000+2520)*18*1)/100

= ₹2973.60

Hope this helps!!!

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