Please solve this question asap.
The best one would be marked as brainliest.
Answers
so it is your answer of your question
Step-by-step explanation:
hope it will help u
Principal=₹18000
Time=1.6 years or 18 months
rate=10% per annum or 0.1
____________________________
Amount and Compound Interest.
____________________________
➠
Amount:- P (1 + r/n)^(nt)
Compound Interest=A -P
where,
A = the future value of the investment/loan, including interest.
P = the principal investment amount.
r = the annual interest rate (decimal).
n = the number of times that interest is compounded per unit t.
t = the time the money is invested or borrowed for
If interest is ➠
compounded yearly, then n = 1 semi-annually, then n = 2
quarterly, then n = 4
monthly, then n = 12
weekly, then n = 52
____________________________
Amount = P (1 + r/n)^(nt)
=18000(1+0.1/1)^(1×3/2)
=18000(1.1)^(3/2)
=18000×1.15
=20,766
Compound Interest=A-P
=>. 20,766-18000
=> ₹2766.