Question

Rahul invested $7000 in shares for 2 years at the rate of 12% per annum compounded annually. What is the compound interest that Rahul gets after 2 years.

Answer 1

principal = 7000
rate = 12%
time=2 years
amount = p[1+r/100]^no

7000 [1+12/100]^2
7000[1+3/25]
7000×28/25×28/25
8780.8

compound interest = amount - principal
8780.8- 7000
=1780.8

compound interest after 2 years = 1780.8

say thanked to

$Rahul Aryan$

❤❤❤❤❤❤

Answer 2

Here is ur answer.

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