Question

Mukesh deposit a sum of rs14000 in a bank for 2 years compounded annually at 6%per annum. find the compound interest he gets​

Answer 1

Answer:

1730

Step-by-step explanation:

P=14000

R=6%p.c.p.a

T=2 yrs

Now,

A=p(1+R/100) ^T

14000(1+6/100)^2

=15730

then,

Cl=A-P

=15730-14000

Cl=1730

Answer 2

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