Question

Manish invested 12000in a business he would paid interest at 4%for 1 1/2 year .find compound interest by​

Answer 1

use formula and put value and find answer.

Answer 2

Answer:

Given :

A sum of money invested at compound interest amounts to Rs 10000

Time period → 4 years.

Sum of money invested at compound interest amounts to Rs. 12000

Time period → 5 years.

To Find :

The amount that the sum will yield after 6 years.

Solution :

Compound interest gained in an annual year is Rs. 2000.

Interest → Rs. 10000.

We can calculate the rate of interest.

We can know use the formula for compound interest,

Formula :

Where,

A = Amount = 10000

P = Principal Amount =

R = Rate of interest = 20%

n = Number of years = 4 years.

 

After 6 years :

Step-by-step explanation: