Question

p=9500 ,R=1.2,N=2 FIND COMPOUND INTEREST

Answer 1

Hey friend


Here your answer



Given Data



P = 9500

R = 1.2

N = year



$\: \: \: \: a \: = p {(1 + \frac{r}{100}) }^{n} \\ \\ \\ \\ \: \: \: \: a \: = 9500 {( 1 + \frac{1.2}{100} )}^{2} \\ \\ \\ \\ \: \: \: \: a= 9500 {(1 + 0.012)}^{2} \\ \\ \\ \\ \: \: \: \: a= 9500 {(1.012) }^{2} \\ \\ \\ \\ \: \: \: \: a= 9500 \times 1.012 \times 1.012 \\ \\ \\ \\ \: \: \: \: a = 9729.368 \\ \\ \\ \\ \: \: \: \: \: ci = a - p \\ \\ \\ \\ \: \: \: \: \: ci = 9729.368 - 9500 \\ \\ \\ \\ \: \: \: \: \: \: \: \: \: = 229.368....ur \: answer \\ \\ \\ \\ \\ \: \: \: \: \: \: hope \: it \: helps \: you$