Rohit deposited Rs 35000 with a company at 15% per annum for 2 years at compound interest find the interest he received at the end of 2 year
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Principal=35000
Rate = 15%
Time = n = 2y
Amount= P(1+R/100)²
= 35000(1+15/100)²
= 35000*115*115/10000
= 35*115*115/10
= 7*115*115/2
= 92575/2
= 46287.5
Compound Interest = Amount - Principal
= 46287.5 - 35000
= 11287.5
Therefore,at the end of 2 years interest received = 11287.5
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Rate = 15%
Time = n = 2y
Amount= P(1+R/100)²
= 35000(1+15/100)²
= 35000*115*115/10000
= 35*115*115/10
= 7*115*115/2
= 92575/2
= 46287.5
Compound Interest = Amount - Principal
= 46287.5 - 35000
= 11287.5
Therefore,at the end of 2 years interest received = 11287.5
THIS MAY HELP YOU
PLEASE MARK ME BRAINLIEST
ram18170:
very good
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