Question

principle =1000 rate =7% p.a. time=2 years
Find the compound interest
plz show in steps ​

Answer 1

Step-by-step explanation:

AMount = P( 1+ r/ 100) ×t

1000( 1+ 7/10 ) × 2

1000× 17/10× 17/10

2890

compound interest = 2890 - 1000

1890

Answer 2

Answer:

140

Step-by-step explanation:

Ok, I'll explain with steps

S.I (simple interest)= P×R×T

_____

100

S.I= 1000×7×2

_______

100

2 can divide 100, so 2 will become 1 and 100 will become 50

= 1000×7×1

_______

50

now, 50 can divide 1000 so it will become

= 20×7×1

________

1

now just multiply

20×7= S.I= 140

I hope it helps