Qno.1-find the amount and compound interest?
a)- principle=₹4800,rate=7½%,time=1½ years
please answer me I am brilliant you
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Step-by-step explanation:
a=p(1+rate /100)n
4800(1+ 15/200)1
= 4800×215/200
= 5160
si =prt/100
5160×15/2×1/2 /100
=5160×15×1/400
= 193.5
interest = amount- principal
5160 - 4800= 360
amount = si + principal
193.3+ 360=553.3
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