FIND THE COPOUND INTEREST ON 11,200 AT 17 1/2% per annum for 2 years
Answers
Answered by
0
Step-by-step explanation:
11200/2×1/2
5600×1/2
2800×1
=2800
Answered by
0
Answer:
₹4527.32
Step-by-step explanation:
Given
Principal =₹11200
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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