Question

Find the compound interest on 18000 for 2 years at the rate of 4% p.a.
( Give step by step solution the ans is Rs 1468.80)​

Answer 1

Answer:

66persent is the interest

Answer 2

Answer:

Question

Answers

Related Questions

Calculate the compound interest on Rs 18,000 in 2 years at 15%15% per annum.



Answer

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Hint: In this, we will simply use the compound interest formula and put the values in the formula and this is how we will find the interest. We will put the principle, time and per annum percentage, and the price in the formula, it will give us the amount, to get compound interest we subtract the principle from the amount, hence we get the answer.

Complete step-by-step solution:

By given question, we will get

Principle, P=18000P=18000

Time, N=2N=2

Rate of interest, R=15%R=15%

Now we will be using the compound interest formula, which is given below

Here we can see that principle, interest, and amount of time, everything is given, so it will get easier to solve by just putting the values in their place in the formula

A=P(1+R100)NA=P(1+R100)N

Now we will put all values in the compound interest formula according to given

So, we have,

⇒A=18000(1+15100)2⇒A=18000(1+15100)2

Cancel out the common factor in the bracket,

⇒A=18000(1+320)2⇒A=18000(1+320)2

Taking LCM in the bracket we get,

⇒A=18000(20+320)2⇒A=18000(20+320)2

On adding the terms, we get

⇒A=18000(2320)2⇒A=18000(2320)2

On Simplifying the terms, we get

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