find the interest and amount if p= rs 37500 , r = 12 % t=2 years
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Answer:
Simple Interest = 9000; Amount = 37500 + 9000 = 46500
Compound Interest = 9540; Amount = 47040
Step-by-step explanation:
SI = P * R/100 * T
= 37500 *12/100 * 2 = 9000
In case its Compound Interest
A = p(1 + r/100)^2
= 37500 (1+ 12/100)^2
=37500 * 112/100 *112/100 = 47040
Amount = 47040
Compound Interest = 47040 - 37500 = 9540
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