Question

find the compound interest on rupees 14000 for 2 years at 5% per annum​

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Principal for first year =₹14000,Rate=5%,Interest for first year =₹14000*5*1/100=₹700,Amount at the end of first year =₹14000+₹700=₹14700.Principal for second year =₹14700,Interest for second year =₹14700*5*1/100=₹735,Amount at the end of second year =₹14700+₹735=₹15435.C.I=A-P=>₹15435-₹14000=>₹1435 ans.