Question

principal= 20000,rate= 10.5, time= 2, compound interest =?​

Answer 1

Answer:

Here ,

P = 20,000. r = 10.5. n = 2

Amount = P × (1 + (r/2 × 100)) n × 2

= ₹ 20,000 × (1 + (10/200) 3/2 × 2

= ₹ 20,000 × (210/200)3

= ₹ 20,000 × 21/20 × 21/20 × 21/20

= ₹ 23,152.50

C.I. Amount – Principal

= ₹ 23,152.50 - ₹20,000 = 23,152.50