Find the compound interest on Rs 24000 for 2years at 15% per annum compounded annually.
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Answer:
Hence, the compound interest on Rs. 24000 at 15% per annum for \[2\dfrac{1}{3}\] years is 9237.
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Answer:
c.i = amt. - princpal
Step-by-step explanation:
principal = 24000
rate of interest = 15%
time = 2 years
a= 24000 (1+(15/100))^2
= 24000 ×(23/20)^2
= 24000 ×23/20×23/20
= 70 × 23 ×23
= 37030
therefore, 37030 - 24000
CI = 13030
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