Question

find the compound interest on 11200 at 35/2 percent per annum for 2 years

Answer 1

Here is your answer
Hope it helps you

Answer 2

Compound Interest is Rs. 4,263

Step-by-step explanation:

Principal = Rs. 11,200

Rate = 35/2% p.a.

Time = 2years

As we know,

Amount = P$(1 + \frac{r}{100}) ^{t}$

              = 11,200 $(1 + \frac{35}{2 * 100}) ^{2}$

              = 11,200 $(\frac{47}{40}) ^{2}$

               = (11,200 * 47 * 47)/ 40 * 40

               = Rs. 15, 463

C.I. = Amount - principal

     = Rs. 15, 463 - Rs. 11, 200

     = Rs. 4, 263

Learn more: compound interest

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