P is 3200 rate is 17 1/2 percent for the time of 2 yr
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the answer for this question is768
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See we can find out Simple Interest and Compound Interest
If P:3200, R:17 1/2% = 17.5%, N:2(years)
Simple Interest=S.I, Compound Interest=C.I
S.I= (P×R×N)/100
= (3200×17.5×2)/100
S.I= 112,000/100 = 1,120
Amount = S.I + Principal
= 1120+3200
= 4320 rupees
Amount= P(1+R/100)^N
= 3200(1+17.5/100)^2
= 3200(117.5/100)^2
= 3200(4.7/4)^2 = 3200×(4.7/4)×(4.7/4)
= 800×4.7×4.7/4 = 200×4.7×4.7
Amount= 4,418
C.I = Amount-Principal
= 4418-3200 = 1218
C.I=1218 rupees
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