find the compound interest on 4000 for 2 yrs at 13 percent.
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Answer:
Rupees 2760 is the answer
Step-by-step explanation:
(A)=P(1+ r/100)n
A = 4000(1+13/100)²
A= 4000 (130/100)²
A = 4000(13/10)²
A = 4000 × 169/100
A = 4000 × 1.69
A = 6760
therefore CI = A - P
CI = 6760 - 4000
CI =Rs. 2760
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