Question

If P=15,800, R = 8.5% p.a. and T = 2 years then amount​

Answer 1

Answer:

Step-by-step explanation:

I = p*r*t/100= 15800*8.5*2/100= 2686       AMOUNT = P+I = 15800+2686=18,486.

Answer 2

Given :-

Principal P = 15,800

Rate R = 8.5%

Time T = 2 years

By Simple Interest :-

S.I. = P×R×T / 100

= 15,800 × 8.5 × 2 / 100

= 2,686

Amount = P + S.I.

= 15,800 + 2,686

= 18,486

By Compound Interest :-

Amount = P(1 + R/100)^n

= 15,800 × (1 + 8.5/100)²

= 15,800 × (100 + 8.5 / 100)²

= 15,800 × (1.085)²

= 15,800 × 1.177225

= 18,600.155