Question

find the compound interest on 14000 at 16% per Annum for 11/4 year ​

Answer 1

P=14000,i=r/100=16/100=.16,t=11/4

A= p(1+i)^×t

= 14000(1+.16)^×11/4

=14000(1.16)^×11/4

=14000×1.3456×11/4

=18838.4×11/4

=51805.6(Ans)