Question

Find the compound interest on rs 11,200 at 17 1-2% per annum for two year

Answer 1

Given
Principal =₹11200

$rate = 17 \frac{1}{2} \%$

Rate =35/2 %

Time =2yr


As we know Amount=P(1+R/100)^t

=11200(1+37/200)²

=11200x237/200x237/200

=₹15727.32

Compound interest = Amount - principal

Ci=15727.32-11200

Ci=₹4527.32

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Answer 2

P → 11200

R → 17 1/2 =35/2

T →2 YEARS

P[1+ R/100]

● 11200 [1 + 35/200]^2

●11200 × 47/40×47/40 = 15463

★ COMPOUND INTEREST = AMOUNT - PRINCIPAL

~ 15463-11200 → 4263

ANSWER ♥♥ 4263 ♥♥

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