Find the compound interest if P=18000, Rate of interest
is 12% and time is 2 year.
Answers
Answered by
1
Calculate the amount and compound interest on Rs 18,000 for 21/2 years at 10% per annum compounded annually. , R = 10% p.a. ∵ Interest is compounded annually.
plz make me brilliant it is a humble request
Answered by
5
Answer:
4579.2
Step-by-step explanation:
P=18000 ,r = 12% ,n = 2 so,
amount A = P (1+r/100)^n = 18000 (1+12/100)^2
A = 18000(112/100)^2
A = 18000×112×112/(100×100) = 22579.2
CI = A-P = 22579.2 - 18000 = 4579.2
Similar questions